US Air Pilots to Resume Giveback Talks
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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 dangerously short for the carrier to strike a deal  with labor groups to avoid its second bankruptcy filing in two  years.
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Leaders of the US Airways pilots union will decide Tuesday whether to forward a proposed contract to members that would cut average pay by 18.
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SAN FRANCISCO (CBS.MW) -- The 12-member pilot leadership council at US Airways Group delayed its decision Saturday on whether it will send management&#39;s latest contract offer to its pilots for a vote.
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The US Airways pilots' union said it would resume talks with the airline, which is urging its unions to grant $800 million in cuts to save it from a bankruptcy filing.
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Talks between US Airways and the union representing pilots have broken down, the Air Line Pilots Association said Monday. The announcement came days after union leaders said a new labor agreement could be struck soon.
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(September 11, 2004) - US Airways made a last-ditch contract offer to the union that represents its pilots Friday as the airline tries to avoid a second bankruptcy filing that may be just be days away.
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Leaders of the US Airways pilots&#39; union will meet Tuesday in Pittsburgh to resume debate over a tentative agreement that would grant $300 million in wage and benefit cuts to the airline.
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US Airways&#39; (UAIR:Nasdaq - news - research) shares jumped almost 20% on news that management and pilots were back at the table, trying to hammer out an agreement on work concessions to save the company.
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US Airways and its pilots union said  on Saturday that they were willing to resume talks over a $295  million package of concessions, as time ran short for the  company to strike giveback deals with its labor groups and  avert another trip into bankruptcy.
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US Airways Group Inc. and its pilots union agreed late 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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Pilots at US Airways Group Inc. are slated hold an emergency meeting Friday, a few days after their union leadership rejected an airline proposal for significant wage and work-rule concessions.
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US Airways&#39; pilots union announced that negotiations on pay and benefit cuts broke down yesterday, prompting the carrier&#39;s executives to ask that their latest proposal be taken directly to the union&#39;s leadership for a vote.
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Pilots for US Airways are continuing to negotiate this weekend over the Arlington airline&#39;s demand for a 16.5 percent pay cut, despite a warning from management that negotiations should have concluded yesterday.
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With most of the industry returning to profitability, pilots are demanding that they should recoup some of the pay and other benefits they gave up in recent years.
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Talks have broken down between US Airways (UAIR:Nasdaq - news - research) and its pilots, putting the carrier another step closer to filing for bankruptcy protection again.
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US Airways Group has asked its pilots to fly more hours without a pay raise in a last-minute effort to settle a key labor dispute and head off a second bankruptcy filing.
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The meeting will be the first time the two airlines have met to discuss the bid since US Airways announced its offer.