”US” News

US Airways raises $137.3 million in stock offering

TEMPE, Ariz. – US Airways Group Inc . said on Monday that it raised $137.3 million from a stock offering. It said it issued a total of 29 million shares, including 2.7 million for the underwriter, Citi. 09 29 2009 9:51PM (...more)

US Airways reports profit on items

DALLAS – US Airways posted a profit in the second quarter thanks to gains from fuel-hedging contracts, but revenue fell sharply as traffic sank from last year's levels. Parent 08 21 2009 1:10PM (...more)

US Airways to cut 600 airport jobs

CHICAGO (Reuters) – US Airways Group ( LCC .N) on Tuesday said it would reduce airport staffing by 600 jobs this fall because of weak demand for business travel and declining
07 15 2009 11:37PM (...more)

US Airways to cut 600 airport positions

MINNEAPOLIS – US Airways is cutting 600 ground jobs this fall as it continues to struggle with the slow economy. The airline said on Tuesday that the biggest cut will be 340 07 15 2009 11:00PM (...more)

US Airways traffic falls 4.1 percent in June

TEMPE, Ariz. – US Airways Group Inc . said Monday traffic fell 4.1 percent in June as the ongoing recession continued to curb consumers' appetites for air travel. The airline said paying passengers on 07 7 2009 3:54PM (...more)

US Airways: Passenger revenue worse than post 9-11

A US Airways Group Inc . executive said on Thursday that the dropoff in passenger revenue during the current recession is even worse than the decline that happened after Sept. 11 .
06 17 2009 1:19AM (...more)

US Airways loss narrows on capacity cuts and fuel

CHICAGO (Reuters) – US Airways Group ( LCC .N) on Thursday reported a quarterly net loss on weaker travel demand, but the loss narrowed 57 percent on capacity cuts and accounting
05 21 2009 4:36PM (...more)

Earnings Preview: US Airways

MINNEAPOLIS – US Airways Group Inc . reports its first-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Last month US Airways
05 21 2009 8:41AM (...more)

US Airways 1Q loss shrinks

MINNEAPOLIS – US Airways said its first-quarter loss shrank, and executives are beginning to hope things have stopped getting worse. The carrier also said on Thursday it will begin charging passengers an extra $5 per bag
05 21 2009 8:39AM (...more)

US Airways cutting 1,000 jobs, shifting flying

Struggling US Airways said Wednesday it will cut some 1,000 jobs next year, shift nearly all of its flying to its three hubs and Washington, and suspend several international routes. The retrenching is aimed at putting its airplanes
10 31 2009 4:41AM (...more)