United seeks $500M more in cuts
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CHICAGO -- United Airlines has notified a bankruptcy judge it needs to cut $500 million US more in costs than previously stated. The disclosure was made in a filing intended to update the judge before a hearing yesterday on the airline&#39;s status.
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Continental Airlines has announced it needs an annual $500 million reduction in payroll and benefits costs. The reduction is necessary because the company has lost hundreds of millions of dollars since 2001
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United Airlines, trying to restructure after nearly two years in bankruptcy protection, told its unions last night that it wanted to terminate its four pension plans and seek additional
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United Airlines is expected to ask a bankruptcy judge to let it extract new concessions worth $725 million a year from employees as it seeks to reorganize, the Wall Street Journal reported on Friday, citing unnamed sources.
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UAL Corp., parent of United Airlines, asked a bankruptcy court Wednesday to terminate its union contracts if the carrier can&#39;t get an additional $725 million in cost savings from employees by mid-January.
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UAL Corp.&#39;s United Airlines, the world&#39;s second-largest carrier and Denver&#39;s dominant airline, plans job cuts and other cost reductions totaling $655 million, a 4.8 percent increase
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United Airlines, in a bankruptcy court filing in advance of a status hearing Friday, has revealed it needs to cut $500 million more in costs than previously stated.
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ARLINGTON, Va. US Airways has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season.
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UAL Corp.UALAQ.OB, the bankrupt  parent of United Airlines, on Wednesday said it would reduce  U.S. flights and increase capacity on more lucrative  international routes, in keeping with its aggressive  cost-cutting efforts.
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United Airlines&#39; union leaders huddled Friday to decide how to respond after the company signaled its intent to impose an additional $725 million in labor cuts and eliminate traditional pension plans.
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Struggling US Airways (UAIR) has asked its pilots to accept a 16.5% pay cut while giving them the chance to recoup some of the money by flying more.
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UAL Corp.  on Monday announced new cuts in employees' salaries as the parent of United Airlines looks to make &#36;112 million in annual savings and emerge from bankruptcy protection.
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United Airlines is pushing for another $725 million in labor concessions and the elimination of employeesâ traditional pensions as it seeks the financing to come out of bankruptcy.
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Pay and benefits are included in the proposal to pare another $2 billion in annual costs. United Airlines, still trying after two years to emerge from bankruptcy, officially proposed terminating its employee
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United Airlines is mulling plans to cut 6,000 jobs -- or 10 percent of its work force, according to the Financial Times. The move would allow the bankrupt carrier to cut annual operating costs by $655 million.
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CHICAGO - United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.