US Airways shares rise on hopes for pilots pact
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Shares of US Airways (UAIR.O: Quote, Profile, Research) rose more more than 5 percent on Thursday after the airline&#39;s pilots union said it may soon agree on a plan to cut wages and benefits to help the carrier avoid a second
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US Airways pilots resumed negotiations Wednesday with management on a new labor contract with the bankrupt airline, even as the company made clear that it will now be seeking greater concessions.
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Negotiations on $295 million in  concessions between US Airways Group Inc. UAIR.O and its  pilots union appeared back on track on Saturday although time  was running short for the company to strike a deal to avoid its  second bankruptcy filing in two years.
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Shares of Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) jumped more than 16 percent on Monday on expectations that the carrier was near an agreement with its pilots union
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US Airways was locked in tough bargaining on wage and benefit cuts with its pilots union, whose backing is critical for the struggling airline to avoid another bankruptcy filing.
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The pilots union at US Airways Group Inc.  on Thursday approved a &#36;300 million concession package, including pay cuts of 18 percent, to help the ailing carrier survive its second bankruptcy in two years.
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Bankrupt US Airways Group Inc.  UAIRQ.OB reached a tentative agreement on Friday with  negotiators for its pilots union on $300 million in annual  concessions.
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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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European airlines welcomed on Friday a provisional deal between the United States and the EU to open transatlantic aviation markets, saying the pact showed progress toward EU desires to invest more in U.S. carriers.
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Negotiations between US Airways&#39; (UAIR:Nasdaq - news - research) management and pilots continued to show progress, with the pilots union expected to give the company another proposal Friday afternoon.
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Delta Air Lines Inc.  has reached a tentative contract with its pilots that will save the cash-strapped airline &#36;1 billion annually, sending its shares soaring almost 25 percent on Thursday.
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Leaders of the Air Line Pilots Association said US Airways' plan to cut salaries and benefits of management was welcome news, but does not constitute a deal.
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Talks between US Airways Group Inc. and the Air Line Pilots Association have resumed, the union says. The pilots&#39; negotiating committee met with management Sunday in Virginia, a week after talks broke down.
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US Airways and its flight attendants appeared closer to agreement Friday after union negotiators approved a tentative contract. The new pact, which now must be approved by the group&#39;s 5,400 members, calls
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Pilots at British Airways have voted to accept a contract which will raise pay by an estimated 8.6 percent over three years, their union said Friday.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines shares rose sharply Wednesday ahead of a Thursday meeting at which the carrier is expected to offer its pilots a stake in the struggling company.
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Shares of Delta Air Lines Inc. DAL.N  jumped on Thursday after the company and its pilots union  reached a tentative contract that will save the cash-strapped  carrier $1 billion a year.