US Air is going through its second, as are many auto parts companies.
US Air was down only three-fourths of a point or so.
US Air also plans $500 million in management-driven annual cost reductions.
US Air has trotted out a lot of excuses for its troubles over recent years.
Small markets would lose even more if US Air disappeared.
US Air is surely next to be swallowed up.
Delta lost $7.75 by the close, and US Air $3.75.
But at the same time, several developments point to an improved outlook for US Air.
The agreement also granted the US air and naval base rights in:
These would likely have augmented US close air support units over Japan.