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.