An epic battle between two passengers on a US Airways flight over Thanksgiving unfolded on Twitter. Too bad it was all a hoax.» Read More
The board of directors that will govern Delta Air Lines after it exits bankruptcy in two weeks faces a big decision right out of the gate -- who to pick to be the company's next chief executive officer.
US Airways Group said on Sunday it expects to post a "slight profit" for the first quarter even as revenue was hurt and costs were increased due to weather and reservation systems problems during the period.
Airline hassles are on the rise: More passengers found themselves bumped, their flights delayed or their bags lost last year than in 2005, a study found. The annual review, does not include recent weather-related flight delays.
JetBlue Airways took a high-profile black eye on Valentine's Day, when icy conditions led to its passengers being trapped on the tarmac for up to 11 hours. With the sudden return of wintry weather, the discounter played it safe -- by canceling 400 of 550 scheduled flights on Friday. Did the move signify panic -- and should investors be concerned? A master of damage control and an aviation analyst weighed in, on "Power Lunch."
Thousands of weary travelers faced a third day waiting to reach their destinations Sunday as US Airways struggled to recover from the ice and snow storm that paralyzed airports in the Northeast.
Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
US Airways said it sent 20 extra workers to its Charlotte, North Carolina hub after a glitch in its self-service reservation system on Sunday forced thousands to wait in lines for up to three hours.
Doug Parker, 45, pleaded guilty Tuesday morning in Scottsdale City Court to one DUI charge, according to the court clerk's office.
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.
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....
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.
The incident occurred hours after Parker pulled US Airways' bid to acquire larger, bankrupt rival Delta Air Lines after Delta creditors rejected the bid.
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.
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.
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.
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 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, 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.
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 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.