Judge OKs Cuts for UAL Pilots, Attendants
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection by the year-end.  The rulings by U.S. Bankruptcy Court Judge Eugene Wedoff move  United UALAQ.OB a step closer to achieving $725 million  in  annual labor savings it says it needs to exit Chapter 11.
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Union workers may face a 23 percent slash in pay; United says it needs cash reserves. United Airways asked a bankruptcy judge to impose a 23 percent pay cut on its union workers, including pilots and attendants.
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CHICAGO - A federal bankruptcy judge approved United Airlines' amended financing plan Friday, rejecting union arguments that United didn't try hard enough to come up with an alternative that would continue company contributions to employee pension funds.    The hearing came a day after the release of court papers in which United warned it likely will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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The federal judge overseeing US Airways&#39; bankruptcy petition is reconsidering his decision to allow the airline to cut wages for flight attendants by 21 percent for four months.
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UAL Corp.&#39;s United Airlines said Friday it is following through on its plan to cut $2 billion in costs by cutting back domestic flights and non-union salaries.
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A federal judge is expected to rule today whether US Airways Group Inc. will be permitted to impose a far-reaching 23 percent employee pay cut.
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A federal bankruptcy judge on Friday  rejected an agreement between UAL Corp. UALAQ.OB and its  pilots union that would have let bankrupt United Airlines cut  pilots' pay by 14 percent and terminate their pension plans.
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NEW YORK  - UAL Corp.  on Mondayannounced new cuts in employees' salaries as the parent ofUnited Airlines looks to make $112 million in annual savingsand emerge from bankruptcy protection.
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Leaders of the union representing  flight attendants at UAL Corp. approved late on Tuesday a  tentative labor agreement with bankrupt United Airlines.
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By their vote, the pilots became the first major union to agree to permanent cuts at the airline.
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Pilots at ATA Holdings Corp. ATAHQ.PK  on Monday ratified a labor deal that cuts their pay by 20  percent and saves bankrupt ATA Airlines up to $12 million over  four months while it restructures.
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A bankruptcy judge ruled against United Airlines and sided with unions who said the company submitted unsubstantiated factual claims about its plan to terminate pension programs.
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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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A federal bankruptcy judge on Friday  rejected an agreement between UAL Corp. UALAQ.OB and its  pilots union, saying it "unfairly tilted the bankruptcy  process" in favor of the pilots.
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A federal bankruptcy judge on Friday agreed to consider a motion by United Airlines (UALAQ) to cancel its union contracts to save $725 million a year.
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ALEXANDRIA, Va. - A bankruptcy judge granted US Airways authority yesterday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline&#39;s situation is so dire that urgent action must be taken.
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US Airways and its pilots union reached tentative agreement today on $300 million in wage and benefit cuts, after weeks of debate inside the union over whether to grant the cuts to the bankrupt airline.