Airline calls cash shortfall possible: Continental warned workers it might run out of money if they don't make concessions that are worth $500 million

Article Abstract:

Continental Airlines Inc., on 6 January 2005, stated that it might run out of cash if it does not win wage and benefit concessions worth $500 million from its employees by February 28, 2005. The fifth-largest US carrier warned of inadequate liquidity in a filing with federal regulators and stated that it expects to lose hundreds of million of dollars in 2005 without cost cuts under existing market conditions.

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Flights added to jolt new arrival

Article Abstract:

US Airways will increase its flight on five of the routes Southwest will serve and do it a week ahead of the discounter's start on 9 May 2004. US Airways, with the additional flights, will have nine daily round-trips between Philadelphia and Orlando, eight round- trips to Chicago's O'Hare Airport, seven round-trips to providence, six round-trips to Las Vegas, and four round-trips to Phoenix.

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Gaining ground in the air

Article Abstract:

AirTran is posing a big challenge to major airlines like US Airways with features like low-fare, business-class section and interline agreements with other airlines that allow travel on more than one carrier on a single ticket. AirTran and other smaller airlines control almost a quarter of the air travel market share.

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