US Airways

About US Airways

US Airways filed for Chapter 11 bankruptcy on August 11, 2002. The airline had been hit by the September 11 attacks, which reduced business travel. US Airways emerged from bankruptcy in March 2003 but filed again in September 2004. CEO David Siegel negotiated labor concessions and cut costs. America West Airlines acquired US Airways in 2005 in a reverse merger. The combined airline kept the US Airways name. Doug Parker, the America West CEO, led the combined company. US Airways merged with American Airlines in 2013, creating the largest airline in the world. The US Airways bankruptcy and merger strategy transformed the US airline industry, which consolidated from six major carriers to four through mergers.