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Entries tagged "US Airways"AIG drowning in more bad newsThe latest public relations snafu for AIG is its role in the US Airways Flight 1549 landing on the Hudson River. BusinessWeek liquidates the airline industryBusinessWeek makes the doom and gloom case for airlines, breathlessly naming US Airways Group Inc., AirTran Holdings Inc., JetBlue Airways Corp. and Air Canada as candidates for liquidation in 2009. Maybe so. Despite the magazine's proclamations, there is ample reason for investors and passengers alike not to run from those carriers just yet. ... US Airways secures nearly $1B in fresh financingUS Airways Group Inc. said Thursday it has boosted its cash reserve, raising about $950 million in financing and near-term liquidity commitments designed to help the airline weather a potential travel slowdown.... Analyst: Much maligned airline sector now undervaluedUndoubtedly when the postmortem is written on the current stock market collapse, there will be examples of industries and companies who fell not on fundamentals but rather were simply caught in the downdraft. According to one prominent analyst, the U.S. airline business appears to be a good example of an industry that has been punished by Wall Street despite improving prospects.... US Airways raises cash via stock saleUS Airways Group Inc. added to its cash coffers on Thursday, raising $155 million through a stock sale to Merrill Lynch & Co.... US Airways the latest to announce deep cutsUS Airways Group Inc. joined the stampede of airlines cutting costs and looking to boost revenues after markets closed Thursday, announcing plans to axe flights, shrink its fleet and eliminate 1,700 jobs as well as increasing or adding a number of fees.... UAL-US Air deal unravels as markets remain quietThe airline sector is falling fast, attributed primarily to the hike in fuel prices, labor costs and congested skies. The latest casualties of the airline sector include US Airways Group Inc. [LCC] and UAL Corp., which abandoned their proposed merger. Meanwhile, British business airline Silverjet plc suspended flights because of a lack of cash to operate. Overall, the markets cautiously pushed forward as the Dow increased 15.22, or .1%, to 12,660.39, and the Nasdaq inched up 14.50%, or .6%, to 2,522.82. Here's a closer of the performance of Deal Stocks in Friday midday trading:... UAL abandons US Airways merger talksThe parent of United Airlines Inc. walked away from the altar on Thursday, abandoning merger talks with US Airways Group Inc. in favor of pursuing an alliance with Continental Airlines Inc. US Airways and United parent UAL Corp. since late April had been in discussions about a potential deal that could have cut significant capacity out of their combined route network, a step toward the airlines regaining pricing power in the face of climbing fuel prices. ... UAL, US Airways talks may still be onDon't count a deal between UAL Corp. and US Airways Group Inc. out yet. Despite reports Wednesday that talks between the two airlines were on hold, the CEOs of the two companies are expected to meet Thursday to discuss the progress of their discussions, according to a wsj.com report. If the meeting goes well, the companies could approach their boards in mid-June for permission to move forward with a transaction, according to the story.... US Airways pilots latest to pan rumored deal with UnitedAnother day, another union has come out against a rumored deal between United Airlines' parent UAL Corp. and US Airways Group Inc.... Despite codeshare talk, United still looking to mergeTalk Thursday that United Air Lines Inc. might forgo a merger with US Airways Group Inc. in favor of an alliance with Continental Airlines Inc. appear to have done little to sway opinion in the industry that the airline will soon be headed down the altar with US Air.... Media Maneuvers: The wisdom racketThe Wall Street Journal discovers the ingredients for gurudom: thin, trendy and obvious. And M&A reporters offer dueling punditry. Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "US Airways." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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