America West plunged 65 percent, the shares closing at $3, down $5.60.

America West said it was also asking its bank group to provide certain waivers for a short period.

America West said that it had been talking to a number of airlines about potential deals.

America West also has a special offer on its transcontinental flights, he said.

America West now requires $8,500 to be spent on fares, up from $7,500.

America West is going a step further, by adding first class to the 39 planes in its 91-plane feet that do not already have it.

In fall 2001, America West got some financial breathing room.

America West declined to comment on whether discussions were taking place.

America West said several airlines had approached it about a range of deals.

America West alone contributes more then $3 million a month to revenue transfers.