US Airways May Slash Pay by 21 Percent
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ALEXANDRIA, Va. - A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline's situation is so dire that urgent action must be taken...
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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 Group Inc. UAIRQ.PK will  ask a bankruptcy court on Friday to impose emergency pay cuts  of 23 percent on unionized workers, in an effort to help the  No. 7 U.S. airline stay alive.
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US Airways Group Inc.  will ask a bankruptcy court on Friday to impose emergency pay cuts of 23 percent on unionized workers if an agreement with the workers is not reached during the day.
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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 UAIRQ.OQ has asked a  bankruptcy judge to approve temporary wage and other cost cuts  from its unions, saying it only has enough cash to survive  through January 2005.
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US Airwaysâ unions say the bankrupt airline is âbarking up the wrong treeâ by seeking to ensure its solvency by imposing a 23 percent pay cut on its workers.
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A federal bankruptcy judge has granted approval for US Airways to cut the pay of its union workers by 21 percent through February to help the nation&#39;s seventh-largest airline stay in business and emerge from bankruptcy.
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Bankrupt US Airways Group. Inc.  said on Monday it would eliminate hundreds of management and nonunion jobs and impose wage and other cuts to save more than &#36;45 million annually as it tries to overhaul its business and survive.
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A bankruptcy judge granted US Airways authority Friday 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 asked a bankruptcy judge Friday to cancel labour contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition
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US Airways chief executive Bruce Lakefield said yesterday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its
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US Airways Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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Troubled airline US Airways says it is to cut pay and posts among its management and non-union workers.
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Pressured by the prospect of bankruptcy, US Airways Group Inc. proposed last-ditch cost-saving offers to its pilots and flight attendants unions yesterday.
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ARLINGTON, Va. -- US Airways chief executive Bruce Lakefield said yesterday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its union workers to conserve cash during the slow fall travel season.
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Labor leaders at US Airways expect management to soon seek bankruptcy court permission to cut wages for members of some of its five unions.