In The News

By TERRY MAXON After all they’ve been through, airlines are saying they can withstand a little drop in demand - or a big drop, if it comes to that. Delta president Ed Bastian says, ‘A significant decrease in demand is in some ways easier to work with than $150 oil.’ The reason? The [...]...

Oct 24 (Reuters) - The combination of capacity cuts and a decline in fuel prices will help U.S. airlines weather a slack in demand, said a UBS analyst, who raised his price targets on three airlines, including US Airways Group. However, airlines should boost liquidity through capital raises as debt levels [...]...

TEMPE, Ariz.–(BUSINESS WIRE)– US Airways Group, Inc. (NYSE: LCC) announced today that as part of a comprehensive liquidity program launched in mid August, the Company has raised approximately $950 million of financing and near-term liquidity commitments. On October 20, 2008 the Company closed on $800 million of these transactions with [...]...

BRIEFING.COM LCC Reports Q3 (Sep) loss of $2.35 per share, excluding charges, $0.19 better than the First Call consensus of ($2.54); revenues rose 7.4% year/year to $3.26 bln vs. the $3.26 bln consensus. Mainline passenger revenue per available seat mile in Q3 was 11.32 cents, up 4.4% over the same period last year. [...]...

Airlines fire up after oil hits 14-month low By Christopher Hinton, MarketWatch (MarketWatch) — Oil dipped to its lowest point in more than a year on Thursday, bringing about sharp gains in shares of the so-called legacy carriers that had appeared to be sinking this summer beneath the weight of record-high fuel [...]...

Ted Reed CHARLOTTE, N.C. — Three years after the merger between US Airways and America West, it seems clear the deal was an overall success. Still, the inability to reach an agreement on pilot seniority stands out as a glaring shortcoming. Without a merger, “neither the standalone US Airways nor the standalone America West [...]...

By Ted Reed, TheStreet.com Staff Reporter If the world economy is going to be smaller going forward, the U.S. airline industry was ahead of the curve. Carriers have downsized dramatically since the summer travel season ended, preparing for a world of $140-a-barrel oil. They have eliminated older aircraft and marginal routes that account [...]...

Barclays analyst sees smaller losses or profits for airlines as capacity and fuel costs fall MINNEAPOLIS (AP) — The outlook for airlines is improving, with lower fuel prices and fewer seats setting carriers up for a better 2009, Barclays Capital analyst Gary Chase wrote on Thursday. Chase forecast much smaller [...]...

Beaver County Times - McClatchy-Tribune Information Services Three years after the merger of US Airways and the former America West Airlines in September 2005, the combined carrier’s two largest labor groups still remain without joint contracts. One of the labor groups believes that has taken its toll on the carrier’s performance. “Our [...]...

The Aero-News Network Joining With America West Announced September 27, 2005. September 27 marked three full years in which US Airways management has failed to complete their merger between the old US Air, and America West. Today, the airline is entangled in labor disputes… lawsuits… customer service issues… and public perception as [...]...