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.
CALIFORNIA | LOCAL
July 29, 2006 |
Two small airliners on the ground at Los Angeles International Airport came within moments of colliding earlier this week after a malfunctioning system designed to alert controllers to potential collisions was partially disabled. The pilot of one of the planes, which was taking off, averted disaster by pulling up suddenly -- risking a stall -- to avoid a regional jet that had just landed and strayed onto its runway.
June 30, 2006
THE SKY IS FALLING, HELL IS freezing over -- and Southwest Airlines is assigning seats. Until last week, the last possibility seemed the least likely. Reviled as it may be, "cattle-car" boarding has been the norm at Southwest since its first flight in 1971, and it has become part of the airline's legendary efficiency. Southwest's experiment will be limited to a handful of flights from San Diego, and any major changes to its boarding policy aren't likely until at least 2008.
November 15, 2005 |
The Sacramento Kings were fined $30,000 by the NBA on Monday for showing derogatory images of Detroit on video screens before their home opener against the Pistons. When the Pistons were introduced Nov. 8, the Arco Arena scoreboard flashed pictures of abandoned buildings, burned-out cars, piles of rubble and other negative images of Detroit. The Pistons won the game, 102-88.
October 5, 2005 |
The federal government will pocket $116 million from the sale of stock options it received for guaranteeing an emergency loan package to the former America West Airlines after the terrorist attacks of Sept. 11, 2001. That's in addition to the interest and principal payments it will collect on the $429-million loan package the airline received as it struggled with a drop in travel after the attacks. The carrier and US Airways Inc. merged last month under the US Airways name.
September 28, 2005 |
US Airways and America West Airlines completed their merger Tuesday, creating the new US Airways that plans to mix low-cost efficiency with the reach and service of the biggest carriers. "Today we start a new chapter in aviation history," said Douglas Parker, the America West chief executive who will lead the fifth-biggest domestic carrier by passenger volume.