August 13, 2004 |
US Airways Group Inc. probably would have to file for bankruptcy by mid-September without cost cuts, a financial advisor hired by the carrier's pilots union said, as the pilots consider a request for $300 million in concessions. After receiving the report from Glanzer & Co., the Air Line Pilots Assn. said it was accelerating negotiations with the Arlington, Va.-based carrier.
September 27, 2007 |
US Airways Group Inc., created in a 2005 merger with America West Holdings Corp., gained official recognition as a single airline from U.S. regulators. The Federal Aviation Administration issued a single operating certificate to the Tempe, Ariz.-based carrier. Work toward the unified certificate began shortly after the two airlines combined two years ago.
March 14, 2007 |
Six Muslim scholars who were kicked off a US Airways flight last fall have filed a lawsuit claiming the airline discriminated against them and violated their civil rights. The imams, five of whom live in the Phoenix area, were returning from a religious conference in November when they were taken off a plane in Minneapolis, handcuffed and questioned. They had prayed on their prayer rugs in the Minneapolis-St.
May 24, 2000 |
In a deal that is likely to set off a new round of consolidation in the airline industry, the parent company of United Airlines plans to purchase US Airways Group Inc., creating an airline behemoth of more than 6,500 daily flights and nearly 1,000 jetliners, industry sources said Tuesday. UAL Corp., already the world's biggest airline, could announce the deal today. Neither company would comment Tuesday evening.
December 22, 2002 |
US Airways Group said Saturday it had filed a proposed reorganization plan that hinges on the airline obtaining a $1-billion federal loan guarantee, a $240-million investment from the Alabama state pension fund and pay givebacks from its employees. The plan was filed in federal Bankruptcy Court after two more labor unions accepted cost-cutting measures Friday.
December 28, 2002 |
A federal bankruptcy judge said he would allow General Electric Co. to provide $36.6 million to US Airways Group Inc. in a modification of a 2001 credit agreement. The advance, approved by Judge Stephen Mitchell of the U.S. Bankruptcy Court for the Eastern District of Virginia in Alexandria, is part of a proposal under which GE would acquire a 5% stake in a reorganized US Airways in return for loan concessions.
September 19, 1997 |
Arlington, Va.-based US Airways Group Inc. has received a new contract proposal from the pilots union that could help move the two sides toward a labor agreement as a crucial Sept. 30 deadline approaches. US Airways Chairman Stephen Wolf told employees at a meeting in Pittsburgh that the company wants to "study it thoroughly, respond very quickly and respond very fairly," a company spokesman said.
April 25, 1998 |
US Airways Group Inc. and Boeing Co. said they settled a legal dispute involving a US Airways 1996 cancellation of airplane orders. US Airways acknowledged a breach of contract and made an undisclosed payment to Seattle-based Boeing. "Based on mutual business considerations, Boeing and US Airways have resolved our differences," the companies said in a statement.
May 10, 2006 |
US Airways Group Inc., which left bankruptcy protection in September by merging with America West Airlines, reported a first-quarter profit as higher fares boosted revenue. Net income was $65 million, or 76 cents a share, on sales of $2.65 billion, Tempe, Ariz.-based US Airways said. The results prompted at least three analysts to raise their estimates for full-year profit, and shares jumped 9.2% to a record.
March 15, 2007 |
US Airways Group Inc. said problems with its computerized reservation and ticketing system will be "99% fixed" by the end of this week, after causing flight delays and long lines this month. The delays began March 4 when the Tempe, Ariz.-based airline tried to combine its computerized system with that of America West Holdings Corp.