US Air Seeks Cost Cuts in 2nd Bankruptcy
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ALEXANDRIA, Va., Sept 13  - US Airways plans to  slash costs under its second bankruptcy of the decade, in a bid  to become more like the discount airlines that threaten its  survival.
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US Airways probably will need more cost cuts or a boost in revenue to attract the USD$250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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United Airlines said on Wednesday it would reduce US flights and increase capacity on more lucrative international routes as part of its aggressive cost-cutting campaign to emerge from bankruptcy.
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US Airways Group Inc. , squeezed severely by low-cost rivals and soaring fuel prices and failing in its drive for new labor concessions, filed for bankruptcy protection on Sunday for the second time in two years.
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CHICAGO Sept. 17, 2004 - Struggling to put together a new bankruptcy exit plan, United Airlines said Friday it is in talks with its unions about the need for an additional $500 million in cost cuts.
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Pilots at US Airways blamed the company for a breakdown in concession negotiations over the weekend, as time runs down on efforts to avoid a second bankruptcy filing in two years.
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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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US Airways will ask a bankruptcy judge to approve emergency pay cuts and the carrier also plans other moves to raise cash.
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S Airways&#39; second trip to bankruptcy court holds both promise and peril for the nation&#39;s other major airlines. US Airways&#39; decision to seek Chapter 11 protection on Sunday could jolt unions
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US Airways filed for bankruptcy protection yesterday for a second time after workers refused to grant $800 million in cuts it had sought to reduce its costs to the level of low-fare airlines.
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As US Airways continues concession talks with pilots to avert a second bankruptcy filing, it&#39;s facing new strains with mechanics.
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United Airlines warned yesterday that it would need to cut a further $2 billion from its annual costs in an effort to return the airline to profitability and attract external financing to exit bankruptcy.
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US Airways is seeking $800 million in concessions from employee unions as it attempts to avoid filing Chapter 11. The Air Line Pilots Association will present its proposal on the evening of
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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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ALEXANDRIA, VA. US Airways doesn&#39;t expect to turn a profit until 2007, even if it&#39;s able to enact steep pay cuts from its workers as it struggles through a second bankruptcy.
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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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For US Airways employees, anxiety intensifies as the carrier takes its second dip into bankruptcy restructuring in two years.