October 27, 2006 |
US Airways Group Inc. posted a third-quarter loss after fuel hedging and merger-related costs. Excluding special items, however, the carrier's profit topped analysts' expectations. The airline, formed from the merger last year of US Airways and America West Airlines Holdings Corp., reported a net loss of $78 million, or 88 cents a share, compared with a loss of $99 million, or $5.74, for America West a year earlier. For accounting purposes, America West was treated as the acquiring company.
October 25, 2004
Today * National Assn. of Realtors reports on existing-home sales for September. * Ashland Inc. releases fourth-quarter earnings. * Third-quarter earnings expected from American Express Co., BellSouth Corp., Electronic Data Systems Corp., Kellogg Co. and Kimberly-Clark Corp. Tuesday * Conference Board releases results of its monthly survey on consumer confidence. * Sara Lee Corp. releases fourth-quarter earnings. * Third-quarter earnings expected from AK Steel Holding Corp., BP, DuPont Co.
March 17, 1999
Economic Pulse: The Federal Reserve releases its "beige book" regional economic survey, which summarizes data from its 12 U.S. districts. The Fed's last beige book report sent an optimistic but cautious message, reporting that the economy grew solidly in December and early January even though a few sectors lost some steam. And it said growth in 1999 is not expected to match that of last year.
June 30, 2000 |
A Web site partly owned by the nation's biggest air carriers and set to launch this fall will try to beat Priceline.com at the game of selling discount air fares to travelers who can be flexible about the timing and airline. The site, called Hotwire, will let users pick their destination and days of travel, and will return with the best fare it can find. Users will not get exact flight times and the name of the airline until they buy the ticket.
June 1, 1999 |
Northwest Airlines Corp., the No. 4 U.S. airline, raised its domestic leisure fares in a move expected to yield the third industrywide increase this year, an online fare-tracking company said Monday. Northwest increased the fares by 4% to match those set by Continental Airlines Inc. on Friday, according to Tom Parsons, editor of Bestfares.com in Arlington, Texas.
May 20, 1999 |
Airline stocks opened weaker Wednesday and continued falling on what Wall Street analysts say are rising concerns about revenue trends. Industry figures released late Tuesday from the Air Transport Assn. show that domestic unit revenue, which measure revenue per seat, fell 3% in April, steeper than the 1% to 1.5% drop expected by some analysts. "April revenue figures . . . were very discouraging," said PaineWebber analyst Samuel Buttrick.
March 23, 1999 |
America West Holdings Corp., the ninth-largest U.S. airline company, will pay its flight attendants about $80 million over five years under a tentative accord reached this weekend, the union said Monday. The agreement averts a strike that could have disrupted travel during the spring break season. The company said as many as 130,000 weekend travelers might have been stranded without the accord, reached early Saturday.
May 30, 2005 |
The proposed merger of America West and US Airways got a boost late last week when Wellington Management Co. said it would invest $150 million in the combined airline. Wellington, which controls $470 billion in assets, joins other investors, including Air Canada parent ACE Aviation Holdings Inc., which have offered $350 million to help finance the deal. Tempe, Ariz.-based America West Holdings Corp. and US Airways Group Inc. announced plans to combine May 19.