News for US Airways
Apr 7 · 9:09:00 PM · Source: The New York Times
UAL Corporation (NASDAQ:UAUA0, the parent of United Airlines, and US Airways (NYSE:LCC) are in talks to merge, in a potential deal that would create one of the world’s largest airlines, people briefed on the matter told the New York Times DealBook on Wednesday. United and US Airways are deep in their merger discussions, though a transaction is not expected to be announced for at least several weeks.
Terms of the deal could not be learned. One issue being worked on is the management structure of the combined company. With both leisure and business travel down steeply, many analysts have argued that the United States still has too many airlines chasing too few passengers.
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by Steve Wieczorek
Mar 9 · 10:15:00 AM · Source: Market Watch
The U.S. Department of Transportation said Monday it has fined US Airways (NYSE:LCC) $40,000 for not disclosing full ticket prices on its Website, according to Market Watch. The Tempe, Ariz., airline was accused of not providing additional taxes and fees on initial searches for one-way flights, nor any notice that the additional costs would be added later in the transaction.
The DOT requires Internet advertising to display the full fare after taxes and fees on the first screen, along with a hyperlink that takes consumers to a page that describes the additional charges, according to the agency.
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by Steve Wieczorek
Feb 26 · 3:16:00 PM · Source: Company Press Release
US Airways (NYSE: LCC) customers will soon enjoy greater access to Europe and Africa inpart to a new codeshare agreement with Brussels Airlines. The agreement is subject to both U.S. Department of Transportation (DOT) and Belgium government approval. The two Star Alliance carriers have agreed to a bilateral codeshare relationship which means that each airline may market flights operated by the other carrier as if the flying were its own.
For US Airways customers, this agreement will eventually provide single-source booking, ticketing and baggage connection options for more than 20 new destinations in Europe and Africa, including points in Gambia, Senegal, Cameroon and Kenya.
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by Steve Wieczorek
Nov 24 · 12:22:00 PM · Source: Company News Release
US Airways said Tuesday it has completed a series of transactions with key business partners designed to improve its near-term and future liquidity. The Company will significantly reduce capital expenditures over the next three years, eliminate the need to access aircraft finance markets in 2010 and extend certain debt maturities. These transactions improve projected year-end 2009 liquidity by approximately $150 million and generate, in aggregate, approximately $450 million of projected liquidity improvements by the end of 2010.
The plans include deferral of 54 aircraft deliveries until at least 2013.
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by Larry Etter
Oct 28 · 3:48:00 PM · Source: Company News Release
US Airways Group said Wednesday it would cut its staff by 1,000, or 3 percent, and shift its operations to focus on four key cities and its
shuttle service, . The carrier said it would concentrate on its "core network strengths," which are its hubs in Charlotte, Philadelphia and
Phoenix, as well as Washington D.C. and its shuttle between New
York, Boston and Washington.
The company feels the move will return the airline to profitability
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by Larry Etter
Oct 22 · 9:40:00 AM · Source: Reuters
US Airways Group Inc (LCC.N) posted a smaller-than-expected quarterly loss on Thursday, which Chief Executive Doug Parker said hints at a "soft, but improving economic environment."
The company said its net loss amounted to $80 million, or 60 cents per share, compared with a loss of $866 million, or $8.46 per share, a year earlier. Total revenue in the third quarter fell 16.6 percent from the year-ago period due to a 3.6 percent decline in total available seat miles, the airline said
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by Larry Etter
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