US Airways News
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US Airways Group Inc., the carrier merging with AMR Corp.’s American Airlines, lowered the rate on $1.6 billion of term loans it’s seeking to refinance debt due next year, according to a person with knowledge of the transaction.
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Dallas-Fort Worth International Airport is selling $366.5 million of debt this week as its primary carrier, American Airlines, prepares to merge with US Airways Group Inc. to create the world’s largest airline.
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AMR Corp., the airline merging with US Airways Group Inc., won court approval to borrow as much as $3.25 billion as it moves toward exiting bankruptcy.
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US Airways Group Inc., the air carrier merging with AMR Corp.’s American Airlines, is seeking $1.6 billion of term loans to refinance debt, according to a person with knowledge of the transaction.
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US Airways Group Inc. and AMR Corp.’s American Airlines are negotiating with banks including Barclays Plc and Citigroup Inc. to provide a branded credit card once they complete a merger creating the world’s largest carrier.
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Delta Air Lines Inc. and US Airways Group Inc. posted profits that beat analysts’ estimates in the first quarter, traditionally the industry’s weakest period, as they filled more seats on planes.
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Some passengers encountered tardy flights in Los Angeles and Chicago because of a shortage of air- traffic controllers, as US Airways Group Inc.’s chief executive officer said the delays may sap travel demand.
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United Continental Holdings Inc. posted a first-quarter loss, the only one among the major U.S. carriers, while Southwest Airlines Co. joined peers with profits in the slowest travel period of the year.
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Airlines and passengers braced for a third day of delays as the U.S. government’s automatic budget cuts furlough air-traffic controllers, slowing operations at some of the busiest hubs.
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AMR Corp., the parent of American Airlines, filed a plan to exit bankruptcy protection that hinges on creating the world’s largest airline through a merger with US Airways Group Inc.
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