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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
American Airlines and US Airways could be in for a long and bruising courtroom battle against seasoned lawyers if they choose to fight the US Justice Department's objection to their merger.
American Airlines and US Airways could be in for a long and bruising courtroom battle against seasoned lawyers if they choose to fight the US Justice Department's objection to their merger.
The Bloomberg US Airlines Index of 10 carriers surged 35 per cent in the first quarter, the best start to a year since at least 1999. Wall Street projects that gains are just beginning for Delta Air Lines and US Airways, both rated higher on average by analysts than 92 per cent of US firms.
The Bloomberg US Airlines Index of 10 carriers surged 35 per cent in the first quarter, the best start to a year since at least 1999. Wall Street projects that gains are just beginning for Delta Air Lines and US Airways, both rated higher on average by analysts than 92 per cent of US firms.
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