US Airways Argues for New Deals In Hearing
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US Airways Group Inc. will begin liquidation in mid-January if it fails to secure new lower-cost, long-term contracts with three of its largest labor unions either by negotiation or court
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Bankrupt US Airways (UAIRQ.OB: Quote, Profile, Research) sought consent from its big unions on Wednesday for temporary relief from contracts and threatened to
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ALEXANDRIA, Va. -- US Airways asked a bankruptcy judge yesterday to cancel labor contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition itself as a low-cost carrier, and avoid a possible liquidation.
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A "frustrated" chief executive of US Airways Group Inc. told employees yesterday that despite recent assertions from the airline's chairman, the carrier could survive a second bankruptcy filing -- but only with revised labor agreements.
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US Airways Group Inc. reached a tentative agreement for a new contract with flight crew training instructors, the company said Sunday, shortly after it asked the bankruptcy court overseeing its restructuring to impose mandatory pay cuts across the board.
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US Airways  and its machinists union headed for a showdown in bankruptcy court on Thursday that could ground the airline permanently or improve its chances of survival.
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US Airways Group Inc. yesterday asked a federal bankruptcy judge to void labor agreements with three unions to help it slash costs and avoid liquidation.
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ALEXANDRIA, Va. Sept. 27, 2004 - US Airways Group Inc. warned in a bankruptcy court filing that it may have to liquidate by February if a judge does not impose a temporary 23 percent pay cut on its union workers.
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US Airways Group Inc.  is set to meet representatives of bankrupt Delta Air Lines Inc.  and a key group of its creditors in New York on Thursday, sources familiar with the matter said.
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US Airways asked a bankruptcy judge Friday to cancel labour contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition
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Travelers flying US Airways during the coming holidays can breathe a little easier. The threat of labor-related disruptions has eased ... for the moment. Expanded hearings next month have decreased the likelihood
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ALEXANDRIA, Va.  - US Airways Group Inc. probably  will need more cost cuts or a boost in revenue to attract the  $250 million in equity it says it needs to leave bankruptcy  next year, the company said on Thursday.
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Both US Airways and United are negotiating concessions with unions to avoid liquidation.
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US Airways Group Inc. met with two unions to try and agree on concessions before an Oct. 7 hearing at which a bankruptcy judge might let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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US Airways chief executive Bruce Lakefield said yesterday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its
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The US Airways pilots' union said it would resume talks with the airline, which is urging its unions to grant $800 million in cuts to save it from a bankruptcy filing.
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Attorneys for US Airways hope to convince a bankruptcy court judge in Alexandria today that without substantial pay cuts, the airline will go out of business.