US Airways Asks to Skip Pension Payment
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ALEXANDRIA, Va.  - US Airways Group Inc. UAIR.O  told a bankruptcy court on Monday it would skip a $110 million  pension payment due Wednesday as it looks to slash costs and  avoid liquidation after filing for protection from its  creditors over the weekend.
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NEW YORK, December 24  - The customer service and reservation agents of US Airways Group (USG.FSE) have agreed to a 13% pay cut and the elimination of some jobs to help the company generate annual cost savings of $137 million and avoid
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In an effort to conserve cash, financially ailing US Airways Group Inc. said Monday that it plans to ask the Internal Revenue Service for permission to delay payments into the pension plans of two of its employee groups.
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US Airways asked a bankruptcy judge yesterday to cancel labor contracts with three of its unions and impose much lower pay so it
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The U.S. pension agency on Thursday  said it had filed a motion in court asking for permission to  take over the retirement plans of pilots at bankrupt United  Airlines, which are underfunded by $2.9 billion.
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US Airways Group Inc.  told a bankruptcy court on Monday it would skip a &#36;110 million pension payment due Wednesday as it looks to slash costs and avoid liquidation after filing for protection from its creditors over the weekend.
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ALEXANDRIA, Va. &#151; 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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United Airlines, trying to revamp its business after nearly two years in bankruptcy, has told its unions it must terminate and replace their pensions as part of its drive to cut costs by an additional $2 billion a year.
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The US agency that insures corporate pensions is troubled by provisions in a $180 million concession deal between pilots and United Airlines (UALAQ.
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The federal agency that insures pensions has asked a bankruptcy court to compel United Airlines to make over $800 million in pension contributions, officials said Monday.
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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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US Airways' unions say the bankrupt airline is ''barking up the wrong tree&quot; as it seeks to ensure its solvency by imposing a 23 percent pay cut on its workers.
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Bankrupt US Airways Group Inc. (UAIRQ.OB: Quote, Profile, Research) on Thursday asked a court to impose wage and benefit cuts on its union employees to save
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The Bush administration expressed  fresh concern on Wednesday about the possibility bankrupt  United Airlines UALAQ.OB might scrap its employee pension  plans, which would shift the burden of paying benefits to the  government.
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âFly the friendly skiesâ may be United Airlinesâ slogan. But employees of Americaâs largest carrier wonât be so convinced this weekend, on the heels of it filing court documents saying it is âlikelyâ to scrap its pension plans.
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SAN FRANCISCO (CBS.MW) - Thousands of employees at bankrupt US airlines received a reassuring note Tuesday from the federal pension agency, which vowed to ensure they will still have pensions as they head into retirement despite talk by their employers of
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United Airlines has signaled that it may terminate and replace employee pension plans, a move its parent company says is needed before it can emerge from Chapter 11 bankruptcy.