July 15, 2008 |
US Airways Group Inc. said it would take a $622-million accounting charge in its second quarter to reflect the effect of soaring fuel prices. US Airways said in a regulatory filing that it decided to write down the amount of goodwill -- an accounting term referring to intangible value -- that it had on its books since combining with America West Airlines in 2005. The Tempe, Ariz., carrier said it would book an $18-million charge to reflect the declining value of spare parts for its Boeing 737 aircraft.
August 27, 1999 |
US Airways Group Inc.'s unionized machinists rejected further arbitration in contract talks with the sixth-largest U.S. airline, a move that starts a 30-day countdown to a possible strike. If the sides can't agree on a new contract during the countdown period, union members will be free to strike and the company will have the right to enforce new work rules. The countdown period will end Sept. 26 at 12:01 a.m. Eastern time, the National Mediation Board said.
April 14, 1997 |
The U.S. Federal Aviation Administration announced it has grounded regional airline Great American Airways, operated by Target Airways Ltd. of Reno, Nev. The FAA said an emergency order revoking Target Airways' air carrier certificate was based on numerous findings, including that the airline falsified flight and duty time records, training records and load manifest documents.
October 2, 2004 |
US Airways Group Inc., operating under bankruptcy protection, and its pilots agreed on about $300 million in pay and benefit reductions the airline said it needed to help avoid liquidating. The tentative deal with the 3,200 pilots may lead unions representing about 20,600 more workers to reach cost-cutting accords. Negotiations are underway with flight attendants and customer-service and reservation agents and are set next week with the machinists union.
December 14, 1997
Planning to knock back a few at the airport before boarding your British Airways flight this holiday season? Well, you better watch out. . . . Citing an increase in disruptive and drunken behavior, the airline last week tightened its policy. If the crew has an inkling that someone might be drunk or disorderly, that person will not be allowed to board, British Airways spokesman John Lampl said. The previous policy barred obviously inebriated passengers.
August 5, 2002 |
US Airways Group Inc. invited some bondholders to a meeting in New York on Thursday to discuss the airline's financial restructuring and the potential effect on their investments. The meeting is for investors whose bonds are backed by some of the carrier's older aircraft and whose debt payments have been deferred, the company said in a notice to those bondholders.
July 12, 1997 |
British Airways offered to open new talks with the transport workers union, seeking a truce with 8,500 striking flight attendants while averting a separate confrontation with ground workers. The Transport and General Workers Union handles negotiations for the attendants, who walked out Wednesday in a pay dispute, and 9,000 ground workers, irked by the airline's plans to sell in-flight catering operations. The flight attendants' strike, which ends today, has been costly for British Airways.
March 14, 2005
The March 5 editorial, "The Bottom Line at 30,000 Feet," questions whether British Airways may have put cost-cutting before passenger safety. This is simply untrue. British Airways would never compromise the safety of our operation. First, a Boeing 747 is fully certified to fly on three engines, and the operation of BA268 on Feb. 20 did not compromise any safety regulations. The United Kingdom aviation safety regulator, the Civil Aviation Authority, accepts this. Although the incidents are rare and infrequent, our pilots are trained to fly a Boeing 747 safely on three engines, and the aircraft manufacturer has designed the aircraft to fly normally in this situation.
July 17, 2008 |
The pilots union for US Airways said Wednesday that the airline was pressuring pilots to carry less fuel than they believed was safe in order to save money. US Airways Capt. James Ray, a spokesman for the US Airline Pilots Assn., which represents the airline's 5,200 pilots, said eight senior pilots and the union had filed complaints with the Federal Aviation Administration.
July 11, 2002 |
US Airways Group Inc. received a conditional $900-million loan guarantee that the carrier said it needs to raise $1 billion in new financing and avoid a bankruptcy filing. The application was approved on conditions that include the seventh-largest U.S. carrier giving the government a bigger potential stake in the company and completing concession agreements with workers and creditors, the Air Transportation Stabilization board said. The carrier has been trying to shave $1.