Judge approves US Airways financing deal, delays ruling on pay ...
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A federal judge is expected to rule today whether US Airways Group Inc. will be permitted to impose a far-reaching 23 percent employee pay cut.
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US Airways faces a &quot;high probability&quot; of liquidation by mid-February if the temporary pay cuts it requested are not approved by the US Bankruptcy Court.
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ALEXANDRIA, Va.  - US Airways Group Inc. UAIR.O  told a bankruptcy court on Monday it would skip a $110 million  pension payment due Wednesday as it looks to slash costs and  avoid liquidation after filing for protection from its  creditors over the weekend.
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ALEXANDRIA, Va.  - The government has thrown US  Airways UAIRQ.OB a lifeline until the middle of January,  agreeing with key lenders to extend financing the bankrupt  carrier must have to operate, court records showed on Tuesday.
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US Airways Group Inc. UAIRQ.OB has  given its machinists, flight attendants and ground workers  until the middle of November to reach long-term concession  agreements or the bankrupt airline will seek court approval to  throw out their contracts, court documents show.
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A judge rejected a &#36;180 million concession agreement between bankrupt United Airlines  and its pilots' union on Friday, while the carrier announced it had reached a tentative giveback deal with its mechanics and was close to one with its flight attendants.
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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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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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SAN FRANCISCO (CBS.MW) -- US Airways Group Inc. and its pilots union reached a tentative contract agreement Friday, a crucial step that could help the bankrupt airline avoid liquidation early next year.
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CHICAGO - A federal bankruptcy judge on Friday ruled against United Airlines in a procedural dispute, siding with unions who said the company submitted unsubstantiated claims about how employees would be affected if their pension programs were terminated.
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) told a bankruptcy court on Monday it would skip a $110 million pension payment due Wednesday
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US Airways Group Inc. met with two unions to try and agree on concessions before an Oct. 7 hearing at which a bankruptcy judge might let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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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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US Airways Group Inc., operating under bankruptcy protection, reached an agreement with General Electric Co., its largest creditor, that provides the airline $140 million in funds and defers lease payments on planes.
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ALEXANDRIA, Va.  - Bankrupt US Airways UAIRQ.OB  won court permission on Thursday to throw out machinists'  contracts if they do not agree to concessions quickly, while  the judge raised doubts about whether the carrier can survive  even with mammoth givebacks.
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CHICAGO -- A federal bankruptcy judge ruled against United Airlines yesterday in a procedural dispute, siding with unions that said the company submitted unsubstantiated claims about how employees would be affected if pension plans were terminated.
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ALEXANDRIA, Va. - A bankruptcy judge granted US Airways authority yesterday 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.