HEADLINE NEWS.

 
FREE EXCERPT

America West Airlines it may still be interested in buying ATA Airlines, a day after discount carrier ATA filed for bankruptcy protection. "We're looking at it. We may still be interested. We may continue to work on an offering. We think a potential America West proposal may be more desirable for (ATA) creditors and employees," America West spokeswoman Janice Monahan said Wednesday. She said America West had held talks with ATA recently, but did not make a formal offer. On Tuesday, ATA filed for Chapter 11 bankruptcy protection and said it would raise $87.6 million by selling its Chicago hub and other airport slots to AirTran Airways Inc. ATA founder and chief executive George Mikelsons' pledge to reporters Tuesday to "recreate ATA as a formidable, low-cost carrier" had barely left his lips when America West Airlines indicated it remained interested in making a bid for most, if not all, of ATA. An AirTran spokesman conceded that ATA's plan to remain independent, albeit considerably smaller, with the cash infusion could hit turbulence in bankruptcy court. AirTran, based in Orlando, Fla., has agreed to take over ATA's flight operations, 14 gate leases and routes at Chicago Midway Airport, as well as arrival and departure slots at New York's LaGuardia Airport and Ronald Reagan Washington National Airport. Oct 27, 2004

America West Airlines reported a third-quarter loss of $47.1 million. The airline also reduced its outlook and scaled back its 2005 expansion plans -- but said it would still consider a bid for part of bankrupt ATA Airlines Inc. For the three months ending Sept. 30, America West Holdings Corp. lost $1.30 per share, its first quarterly shortfall in more than a year for the company that was just rebounding after the Sept. 11 attacks. A year ago, the company had reported a profit of $32.9 million, or 60 cents per share. Analysts surveyed by Thomson First Call had projected a loss of about 63 cents per share for the quarter. In trading Wednesday, America West shares closed down 7 cents, or 1.6 percent, at $4.36 on the New York Stock Exchange. The stock has fallen more than 60 percent since the beginning of the year. Quarterly revenue was down 2.3 percent to $578.5 million. Oct 27, 2004

Most folks probably don't think about going to Vegas to get their Christmas shopping done, but there are actually many exclusive boutiques for those one-of-a-kind gifts and outlet malls for presents that won't break the budget. Customers who purchase tickets in the next two weeks can get fantastic deals from America West Vacations that'll make the shopping trip a treat for the shopper as well, including free spa passes and a two-for-one lunch buffet from Luxor. Customers who purchase tickets today through Nov. 12, 2004 for travel from Nov. 29 through Dec. 20, 2004 can take advantage of these unbelievable packages priced as low as $91 for roundtrip air and a two-night hotel stay. These special deals are 20 percent below normal package prices. The Luxor is offering the following value-added amenities: two complimentary spa passes per room, for use Monday through Friday; one two-for-one lunch buffet per room; a $2 discount per person, up to two, at Passport to Adventure; and one discount coupon per room for up to $35 at Luxor retail stores at the Giza Galleria. To make a reservation, customers may go to www.americawestvacations.com or call 1-800-2-FLY-AWV (1-800-235-9298) and use the promotional code "Vegas Style." Oct 25, 2004

American Airlines is encouraged that the National Transportation Safety Board today ruled that the highly- sensitive rudder system on the Airbus A300-600 aircraft was a contributing factor in the Flight 587 accident that occurred Nov. 12, 2001, in New York City. American is extremely disappointed, however, that the Board named the pilot's actions as the probable cause, and that elements of American's advanced aircraft maneuvering program, which teaches pilots to recover from aircraft upsets, were a contributing factor. Today, American safely flies the Airbus A300-600 because of the knowledge it gained from the Flight 587 investigation, and changes it made to its procedures as a result. In fact, in one of his final statements, Mark Rosenker, vice chairman of the NTSB, said he was confident that the Airbus was...

To continue reading

FREE SIGN UP