Pilots Could Control Fate of US Airways
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The US Airways Group will look to the leaders of the pilots' union to accept the airline's demand for $295 million in pay and benefit cuts.
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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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SAN FRANCISCO (CBS.MW) - US Airways Group, under a tight deadline to reach deals with its unions to avoid slipping back into bankruptcy, is still far apart on a tentative agreement with its pilots.
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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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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 pilots have asked the airline to resume concession talks, but a union leader said Saturday he didn&#39;t expect it to forestall a bankruptcy filing today.
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With only one week remaining for US Airways to avoid another trip through bankruptcy, the pilots union prepared last night to consider a new company cost-cutting
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A federal agency that insures pensions said yesterday that it will take over retirement plans for active and retired pilots at United Airlines, saving the nation&#39;s second-largest carrier
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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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US Airways Group Inc.&#39;s pilots union said on Wednesday it may agree this week on a plan to cut wages and benefits to help the seventh-biggest US airline avoid a second bankruptcy filing.
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US Airways said yesterday it can emerge from bankruptcy a stronger airline, but acknowledged it needs deeper wage concessions from its pilots - something it has failed to get after two years of trying.
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SAN FRANCISCO (CBS.MW) - US Airways&#39; pilots union said late Friday it was ready to resume contract talks with company management, a step crucial to the airline&#39;s future.
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Bankrupt airline US Airways has made a new proposal to its pilots that seeks nearly $1.9 billion in savings through 2009, more than the $1.
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Struggling air carrier US Airways (UAIRQ.OQ: Quote, Profile, Research) may petition a bankruptcy court to impose temporary concessions on its unionized workers in the event they fail to agree quickly enough to cost savings
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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. UAIRQ.PK said  on Friday it reached a tentative agreement with its pilots  union that would save $300 million annually and move the  bankrupt airline closer to carrying out a transformation plan.
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) issued a general appeal on Tuesday to the carrier&#39;s 3,000 pilots after their union&#39;s leaders rejected