Continental to Seek Wage, Benefits Cuts
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Continental Airlines Inc. on Thursday said it will seek to cut $500 million in annual wages and benefits on expectations of losing &quot;hundreds of millions of dollars&quot; this year.
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Continental Airlines Inc. expects to  take $19 million in fourth-quarter charges for future lease  payments and return conditions for aircraft retirements, the  No. 5 U.S. airline said in a filing on Friday.
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Troubled airline US Airways asks a court to impose wage cuts of up to 23%, warning it may go into liquidation.
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United Airlines and Continental Airlines have been holding talks on a potential merger, people involved in the negotiations said.
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Continental Airlines Inc. CAL.N on  Thursday said failure to achieve $500 million in annual wage  reductions by Feb. 28 could result in it running out of cash,  sending its shares spiraling down.
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Continental Airlines CAL.N said  late on Thursday it would seek $500 million in annual wage and  other concessions from its workers to avert more losses largely  caused by record high fuel prices.
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Continental and United airlines have been discussing a potential merger -- the latest in a series of signs that major carriers are seeking to reshape the recovering industry.
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US Airways will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier&#39;s unions do not agree on concessions by Friday, the chief executive told employees yesterday.
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Bankrupt US Airways Group. Inc.  UAIRQ.OB said on Monday it would eliminate hundreds of  management and nonunion jobs and impose wage and other cuts to  save more than $45 million annually as it tries to overhaul its  business and survive.
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United Airlines parent UAL (UALAQ:OTC BB - news - research) set plans to cut nonunion workers&#39; pay as part of an effort to slash costs and emerge from bankruptcy protection.
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Bankrupt United Airlines said on Friday  it needs more labor cost cuts on top of any gains from  terminating employee pensions and expects to move toward  voiding its labor contracts in early November.
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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.
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Continental Airlines Inc. , concerned about being dwarfed by larger competitors, would consider a merger if necessary to maintain its competitiveness, its chief executive said.
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ARLINGTON, Va. -- US Airways Group has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season, the company said Saturday.
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Troubled carrier US Airways has asked a US bankruptcy court to impose big wage and cost cuts, warning that otherwise it might fail to survive.
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US Airways announced plans Tuesday to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union
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Bankrupt United Airlines said on Friday it needs more labor cost cuts on top of any gains from terminating employee pensions and expects to move toward voiding its labor contracts in early November.