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Streaming Delayed Price  /  Updated: 3:59 PM EDT, Apr 23, 2014  /  Add to My Watchlist      
(LCC) Community Analysis from
April 24, 2014
(Telecom Ramblings, 3/11/14)
Level 3 Communications has picked up the network services piece of a federal contract. The defense contracting giant Northrup Grumman has picked them to support the US Air Force's...(read more)
This morning, many of the leading airline stocks are declining sharply lower at the start of the trading session. Airline stocks such as US Airways Group Inc (LCC), Delta Air Lines...(read more)
(Energy and Capital, 2/14/13)
With the American Airlines and US Airways merger, four main airlines will control global travel. And as oil prices rise, this could mean trouble for ticket prices. You heard it here first...
US Airways Group (LCC) Company Overview

US Airways (NYSE: LCC) is a major domestic air carrier, which as of April 2008 operates 3,800 flights to 230 destinations across the U.S., Canada, the Caribbean, Latin America and Europe[1]. The company’s finances suffered considerably due to reduced air travel following September 11th, forcing the airline to declare bankruptcy in 2002[2]. However, unlike other carriers that improved and emerged stronger following Chapter 11 protection, US Airways never fully recovered. The combination of high fuel costs and tough labor negotiations forced the company into a merger with America West in 2005. While the US Airways name was maintained for brand purposes, the merger actually left America West executives and stockholders with more control over the new company[3].

US Airways has responded to the low fare revolution in domestic air carriers by attempting to cut costs and revise its route structure. The company has adopted increased point-to-point flights along the east coast and instituted fees for basic amenities (headphones, food, etc.). The airline's ability to continue to manage its costs is less certain, however. In 2008, the company's 30,000+ employees formed a coalition to demand higher wages and better benefits. Normally, airlines negotiate with their employees through separate unions (flight attendants, pilots, service workers, etc.). By forming a single body to negotiate on their behalf, the employees will be able to exercise greater bargaining power. During the same period, fuel prices reached an all time high.

(Read more at Wikinvest )

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