Parents become rescuers at flattened elementary school

Darkness fell on an Oklahoma City suburb gripped by a frantic search for pupils, teachers and staff members in an elementary school flattened by a tornado.

American Airlines to review merger bids with US Air, others

American Airlines parent AMR Corp. (AAMRQ) began a process to review merger offers yesterday by sending potential suitor US Airways Group Inc. an agreement to allow an exchange of confidential financial information.

Southwest Airlines makes bid for bankrupt Frontier

Southwest Airlines Co., the largest discount carrier, said it offered at least $113.6 million to buy Frontier Airlines Holdings Inc. in a bankruptcy court auction.

Southwest plans flight accord with Mexican airline

Southwest Airlines Co., the largest low-fare carrier, plans to expand its ability to book passengers on international flights through an alliance with Mexican airline Volaris by 2010.

Not dead yet: United Airlines' parent forced to deny it's bankrupt

An old story republished on a newspaper Web site sent the shares of United Airlines' parent company plunging and forced the company to deny it is going into bankruptcy.

Continental to ground 67 jets, cut 3,000 Jobs

DALLAS — Continental Airlines Inc. will cut 3,000 jobs and shrink its jet fleet by 18 percent, becoming the fourth major U.S. carrier to slash payrolls and flights as soaring fuel prices push the industry to its worst losses since Sept. 11.

Delta, Northwest agree to merger

Delta Air Lines Inc. and Northwest Airlines Corp. agreed Monday to merge, in a $3.1 billion stock deal that would create the world's largest carrier and may unleash more industry consolidation.

Machinists sue US Airways, alleging pay-raise ruse

Tempe-based US Airways Group Inc. has been sued by the International Association of Machinists on accusations of using bankruptcy court to avoid paying raises under the airline's labor contracts.

Southwest Airlines may alter boarding

Southwest Airlines Co., the most profitable U.S. carrier, is making changes to its reservation system that would allow it to begin assigning seats for the first time.

American, Northwest join rivals in raising airfares

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