United Airlines nears deal on more cost cuts
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United Airlines, the bankrupt carrier, yesterday made its first progress in efforts to achieve a second round of labour cost cuts when it said it had reached a tentative agreement
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CHICAGO -- United Airlines said Wednesday that it needs to cut more jobs as it works on climbing out of bankruptcy. But the nation&#39;s No.
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Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company&#39;s elimination of traditional pensions under a tentative contract agreement made public Friday.
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US bankruptcy judge agrees to consider airline&#39;s motion to cancel pact, save $725 million a year. CHICAGO  - A federal bankruptcy judge agreed Friday to consider a motion by United Airlines to cancel
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The pilots union at United Airlines on Tuesday said its negotiators have reached a tentative contract deal with the bankrupt No. 2 U.S. airline.
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United Airlines is mulling plans to cut 6,000 jobs -- or 10 percent of its work force, according to the Financial Times. The move would allow the bankrupt carrier to cut annual operating costs by $655 million.
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CHICAGO United Airlines&#39; union leaders are meeting today to review the company&#39;s proposal for a further 725 (M) million dollars in labor concessions and the elimination of pension programs.
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The pilots and flight attendants at bankrupt UAL Corp. on Monday ratified wage-cut deals worth &#36;311 million annually to United Airlines, possibly moving the carrier closer to a Chapter 11 exit.
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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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United Airlines parent UAL Corp. will  need about $500 million more in annual cost cuts above the $655  million in the works now as well as pension cost savings to  emerge from bankruptcy, the carrier said on Friday.
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United Airlines' flight attendants and pilots on Monday ratified new contracts that reduce wages and benefits, key steps in the carrier's bid to cut costs in an effort to emerge from a 26-month bankruptcy.
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Bankrupt United Airlines (UALAQ.OB: Quote, Profile, Research) said on Friday it needs 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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United Airlines is poised to make more reductions in its work force -- already 40 percent smaller than it was before the 2001 terrorist attacks. The second-biggest US airline confirmed job cuts will be part of its plan to get out of bankruptcy.
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Shares of US Airways UAIR.O rose  more than 5 percent on Thursday after the airline's pilots  union said it may soon agree on a plan to cut wages and  benefits to help the carrier avoid a second bankruptcy filing.
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United Airlines, seeking cost cuts to help it get out of bankruptcy, has reached a tentative agreement with its pilots union, the first labor accord on additional concessions the carrier proposed last month.
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United Airlines (UALAQ.OB: Quote, Profile, Research) , which is trying to save $725 million a year, has offered its pilots two ways to cut their salaries, the New York Times reported on Tuesday.
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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.