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stocks US Airways Group Inc

  • U.S. Airways' Largest Shareholder Slashes Holding

    U.S. Airways announced late Tuesday that its largest shareholder, PAR Investment Partners, has sold more half of its 13.5 million shares. PAR Investment cut its stake to 6.5 million shares, citing a need to diversify its portfolio.

  • Douglas Parker, US Airways CEO
    CEO "Crimes"--Treat Them Like Everyone Else?

    There’s no question that the DUI arrest of US Airways Chief Executive Douglas Parker last month is making headlines in a way that probably wouldn’t have happened in decades past. CEO’s are no longer private citizens, and media scrutiny of corporate America has turned some of them into celebrities. Although the buck stops at the corner office, where....

  • Doug Parker
    US Airways CEO Had Previous Drunk Driving Incidents: Report

    a newspaper reported that Parker had a previous DUI conviction in 1991 when he worked for American Airlines in Dallas, and Parker admitted to two other alcohol-related incidents.

  • Doug Parker
    US Airways CEO Arrested on Drunk Driving Suspicion

    The incident occurred hours after Parker pulled US Airways' bid to acquire larger, bankrupt rival Delta Air Lines after Delta creditors rejected the bid.

  • CNBC's Schacknow: Being Lucky, Good And Both

    Timing Is Everything: Or, as one of my favorite TV characters, Maxwell Smart, used to say: “Missed it by THAT MUCH!”. Earlier this week, I told the tale of how Equity Office Properties shareholders voted to approve a takeover bid by Blackstone Group - with the news breaking just seconds before an already-scheduled hit on that subject by reporter David Faber.

  • Delta Moves Forward With Plan to Exit Bankruptcy

    A judge approved a disclosure statement that will be sent to creditors along with a Delta Air Lines reorganization plan, a big step forward in the airline's effort to exit bankruptcy.

  • Delta's Creditors Approve $2.5 Billion Financing Plan

    Lawyers for Delta Air Lines, the nation's third-largest carrier, said Friday in court papers that the company's creditors' committee has approved the terms of the $2.5 billion in financing that Delta has secured to emerge from bankruptcy protection.

  • Doug Parker, Chairman & CEO, US Airways
    US Air Withdraws Offer For Delta After Creditors Reject Bid

    US Airways Group dropped its hostile $9.8 billion offer to buy Delta Air Lines after Delta creditors threw their support behind the bankrupt airline's standalone reorganization plan.

  • Delta Gets $2.5 Billion in Financing To Help Exit Bankruptcy

    Delta Air Lines said it has commitments from six major banks for $2.5 billion in exit financing as it aims to emerge from bankruptcy protection independently.

  • US Airways Swings To Profit, Helped By Passenger Growth

    US Airways, which is attempting a hostile takeover of rival Delta Air Lines, said net income in fourth quarter ended Dec. 31 totaled $12 million, or 13 cents a share, compared with a loss of $261 million, or $3.27 a share, a year earlier.

  • Markets End Mixed As Investors Focus On Fed

    Stocks ended mixed on Monday as investors cast a wary eye on rising interest rates ahead of the Fed's two day meeting this week.

  • US Airways Willing to Boost Delta Offer: CNBC's Faber

    US Airways Group is willing to add $1 billion to its $9.67 billion offer for Delta Air Lines  if Delta's creditors committee agrees to discuss a merger of the two carriers, CNBC's David Faber reported, citing sources close to US Air.

  • Dow Eclipses All-Time High As Tech, Telecom Bounce

    It was a record day for stocks as every sector finished the day in  positive territory. The Dow Jones Industrial Average closed at an all -time high while the Nasdaq and S&P 500 were boosted by strength in tech shares. The S&P 500 finshed the day at a new six-year high.

  • Delta CEO Tells CNBC Proposed US Airways Merger Is Flawed

    "The problem is not the price," Grinstein said of the proposed $10.5 billion deal. "The problem is whether it can be done and the cost of doing it."

  • CNBC's Schacknow: When A Company PR Dept. Calls

    A Belated Return: The breaking news desk blog has returned after a longer than expected absence - upon my return to work yesterday after vacation, my computer somehow fried its innards, necessitating a complete overhaul. As I told my very understanding CNBC.com bosses, the dog really DID eat my homework!

  • U.S. Airways Chief Exec 'Willing to Talk" on Delta

    US Airways Group Chief Executive Doug Parker was noncommittal Tuesday on whether his company would be willing to increase its bid to buy Delta Air Lines even further to appease Delta's creditors.

  • Delta to Discuss US Airways' Increased Bid with Board

    Delta Air Lines plans to discuss US Airways' increased bid to buy Delta with its board of directors soon, the company said Friday as it filed an amended reorganization plan that details how it would satisfy claims against its subsidiary, Comair.

  • US Airways Raises Offer for Delta, Which May Seek Link With NWA

    Northwest Airlines is having talks with Delta about a potential link-up, possibly after they both emerge from bankruptcy-court protection, the Wall Street Journal reported.

  • Delta Trims Losses, Remains on Track to Exit Bankruptcy In Spring

    Delta Air Lines said it narrowed its loss in November to $49 million, keeping it on track to exit bankruptcy as a stand-alone company in the spring.

  • US Airways CEO Rules Out Higher Offer for Delta Now

    US Airways has no intention right now to increase its $8.4 billion offer for Delta Air Lines and it can't see itself backing out of its pursuit of Delta for any reason, Chief Executive Doug Parker said.