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News Breaks | | | | October 3, 2012 | | 08:11 EDT |  | LCC, DAL | US Airways sees $69M gain in Q3 from Delta deal
In December 2011, the Company closed its agreement with Delta Air Lines (DAL) to transfer certain takeoff and landing rights at New York’s LaGuardia and Washington D.C.’s Reagan National airports. Under the agreement, Delta received 132 slot pairs at LaGuardia from US Airways and US Airways received from Delta 42 slot pairs at Reagan National. The transaction resulted in a gain which was initially projected as $147M and was fully deferred as of December 31, 2011 due to the DOT operating restrictions. The gain on the transaction was recognized as the DOT restrictions lapsed in 2012. The Company recognized $73M of the gain in the first quarter of 2012 and the remaining gain, which approximated $69M, in the third quarter of 2012. The third quarter 2012 gain is less than originally projected due to higher than anticipated facility and relocation costs incurred during the quarter. | |
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News For LCC;DAL From The Last 14 Days Check below for free stories on LCC;DAL the last two weeks. |
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| May 24, 2013 | | 16:58 EDT |  | LCC | Outgoing AMR Corp. CEO's pay opposed by DoJ, Reuters says
AMR Corp.'s (AAMRQ) outgoing CEO Tom Horton's severance pay of nearly $20M allotted as part of the company's plan to emerge from bankruptcy and merge with US Airways (LCC) is being opposed by the Department of Justice, which says the deal violates bankruptcy law, reports Reuters. Reference Link | | | May 23, 2013 | | 10:18 EDT |  | DAL | Delta Air Lines downgraded to Hold from Buy at Standpoint Research
 Subscribe for More Information | | | May 17, 2013 | | 05:59 EDT |  | LCC | Stocks with implied volatility movement; FXI LCC
Stocks with implied volatility movement; iShares Trust FTSE/Xinhua China 25 Fund (FXI), US Airways (LCC) according to IVolatility. | | | May 16, 2013 | | 08:28 EDT | | DAL | EU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link | | | May 15, 2013 | | 17:03 EDT | | LCC | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 09:29 EDT | | DAL | Delta Air Lines says expects 'record' June quarter
Subscribe for More Information | | | May 14, 2013 | | 07:17 EDT |  | DAL, LCC | BofA/Merrill to host a conference
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