September 25, 2001 |
US Airways Group Inc. said it will shut down MetroJet, its low-cost operation based at Baltimore-Washington International Airport, by December. "As a result of the government's and public's reaction to [the Sept. 11] terrorist attacks, and the closing of Washington's Reagan National Airport, a new security system and a dramatic decrease of airline traffic, we have to reduce our costs dramatically," the company said in a recorded message for employees.
July 8, 2001 |
More than a year after UAL Corp.'s United Airlines agreed to acquire US Airways for $4.3 billion, the companies said they're in talks to scrap the deal. Although the carriers didn't provide details, people close to the situation said the merger would have raised serious antitrust objections from the Justice Department and the airlines weren't prepared to accept the terms necessary to get the deal closed.
February 22, 2003 |
US Airways Group Inc., which is seeking to emerge from Chapter 11 reorganization, told a federal judge it will have to liquidate unless it gets approval to terminate a pilot pension plan covering as many as 8,000 people. The carrier has asked U.S. Bankruptcy Judge Stephen Mitchell for permission to end the plan as of March 31, saying that it couldn't make $2 billion in pilot payments due over the next seven years. US Airways, based in Arlington, Va.
January 13, 2001 |
United Airlines parent UAL Corp. won European antitrust approval Friday for its $11.6-billion purchase of US Airways Group Inc., after pledging to give up some takeoff and landing slots in Germany. The largest airline merger will mostly affect the U.S. by giving United access to US Airways' north-south routes on the East Coast. But because United has a joint venture on transatlantic routes with Deutsche Lufthansa, United had to eliminate some overlap in flights.
March 29, 2003 |
US Airways Group Inc. cleared its last big hurdle in restructuring when the government said it had approved the carrier's proposal to terminate its pilots' pension plan and replace it with a cheaper one. The action by the Pension Benefit Guaranty Corp., a federal corporation, clears the way for the airline to emerge from Chapter 11 bankruptcy Monday.
February 24, 2000 |
The clock has begun ticking in a possible showdown between US Airways and the union representing its flight attendants. The National Mediation Board has started a 30-day cooling-off period. If no deal is reached, the carrier's 10,000 attendants will be free to walk off the job at 12:01 a.m. EST on March 25. But in a letter to employees, US Airways officials vowed to ground the airline rather than endure the surprise strikes threatened by the Assn. of Flight Attendants.
September 15, 1999 |
US Airways Group Inc., the sixth-largest U.S. carrier, said it won't make a profit in its third quarter because operational problems are leading to canceled flights and lost customers. The Arlington, Va.-based airline didn't issue a specific forecast and wouldn't say whether it would break even or post a loss. It had been expected to earn 89 cents a share, the average estimate of analysts in a First Call survey, compared with $1.51 last year.
January 31, 2007 |
The prospect of imminent airline industry consolidation faded Tuesday as US Airways Group Inc. reported no headway in its bid to take over rival Delta Air Lines Inc. US Airways Chief Executive Doug Parker said his airline's nearly $10-billion bid for Delta was firm and he had no intention of extending the Feb. 1 deadline for Delta's official committee of creditors to respond.
November 23, 1999 |
US Airways Group Inc.'s flight attendants union asked a federal agency to release it from contract talks with the carrier, saying the two sides can't reach agreement. The Assn. of Flight Attendants, which represents about 9,800 US Airways workers, must get permission from the National Mediation Board to end negotiations. Once the board agrees to end the talks, it offers both sides arbitration.