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US Airways traces its history to All American Aviation, which was based in Pittsburgh and serviced the Ohio River valley in 1939. In 1949 the company was renamed All American Airways as it switched from airmail to passenger service; it became Allegheny Airlines in 1953, and subsequently changed its name to US Airways in 1979. It is a member of the Star Alliance.
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US Airways traces its history to All American Aviation, which was based in Pittsburgh and serviced the Ohio River valley in 1939. In 1949 the company was renamed All American Airways as it switched from airmail to passenger service; it became Allegheny Airlines in 1953, and subsequently changed its name to US Airways in 1979. It is a member of the Star Alliance.
- Stock dropped 7 per cent to US$374 in midday trading, adding to 5 per cent decline on previous day
- Analysts covering the stock have made at least two downgrades and one price target cut in last two days
From next week, when American Airlines and US Airways merge to form the world's largest airline by revenues and by the number of passengers flown, the United States will have just three mega-airlines - American, Delta and United.
From next week, when American Airlines and US Airways merge to form the world's largest airline by revenues and by the number of passengers flown, the United States will have just three mega-airlines - American, Delta and United.
The two companies are working on final details and their boards may vote on the deal later this week, people familiar with the matter have said. US Airways chief executive officer Doug Parker would lead the combined company, the people said.
The two companies are working on final details and their boards may vote on the deal later this week, people familiar with the matter have said. US Airways chief executive officer Doug Parker would lead the combined company, the people said.
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