US Airways Stock Falls After Pilot Leaders Rebuff Cost-Cut Plan
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US Airways Group Inc. stock fell as much as 21 percent in early trading after leaders of the airline&#39;s pilots union rebuffed a plan to cut $295 million in wages and benefits the company
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US Airways and its pilotsÂ union were set to meet, amid resistance to the airlineÂs bid to shrink their already diminished pension plan.
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US Airways Group Inc.'s pilots union said on Wednesday it may agree this week on a plan to cut wages and benefits to help the seventh-biggest U.S. airline avoid a second bankruptcy filing.
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US Airways Group Inc. shares plunged Monday after the troubled air carrier filed for bankruptcy for the second time in two years, and the industry&#39;s financial turmoil persuaded investors to yank cash out of others in the sector.
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US Airways Group Inc.  UAIR.O and  its pilots union agreed late on Friday to reopen concession  talks after leaders of the labor group declined to endorse a  plan proposed by management for nearly $300 million in  givebacks, both sides said.
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US Airways Group Inc., struggling to avoid a second bankruptcy since 2002, gave its pilots&#39; union a new plan for $295 million in pay and benefit cuts three days after the group rejected a prior offer.
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Talks between US Airways (UAIR.O: Quote, Profile, Research) and its pilots union over a new round of concessions collapsed on Monday, the union said.
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SAN FRANCISCO (CBS.MW) - Snubbed by its pilots, US Airways Group is scrambling to find cost savings among other union workers to avoid tumbling back into bankruptcy, an event industry analysts warn could come as early as this weekend.
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NEW YORK - US Airways Group Inc.&#39;s pilots union leaders on Monday said they proposed new contract terms to management, which in turn made a counteroffer, after the union last week refused to endorse a company plan for $295 million of concessions.
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US Airways Group Inc.&#39;s pilots union said on Wednesday it may agree this week on a plan to cut wages and benefits to help the seventh-biggest US airline avoid a second bankruptcy filing.
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US Airways' pilots union announced that negotiations on pay and benefit cuts broke down Monday, prompting the carrier's executives to ask that their latest proposal be taken directly to the union's leadership for a vote.
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The plan values Delta Air Lines at $9.4 billion to $12 billion and said its board has rejected US Airwaysâ $8.5 billion bid.
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The pilots union at US Airways Group Inc. says it will oppose a motion in bankruptcy court expected Friday that will seek immediate pay cuts for its members.
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) issued a general appeal on Tuesday to the carrier&#39;s 3,000 pilots after their union&#39;s leaders rejected
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US Airways is in talks with its pilots over pay cuts designed to turn it into a low-cost carrier, but failure could see it return to bankruptcy.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots permanently losing 17.5 percent of their salaries in exchange for a chance to save the airline and their jobs.
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US Airways Group Inc. and its pilots union said they may agree by today on a plan to cut $295 million in wages and benefits to help the carrier avoid a second bankruptcy filing.