US Airways, pilots say they&#39;re close to a deal on cutting wages
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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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US Airways reached a tentative $4.5 million cost-cutting agreement with leaders of the union that represents the carrier&#39;s 150 flight dispatchers, the airline said yesterday.
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Leaders of the US Airways pilots union will decide Tuesday whether to forward a proposed contract to members that would cut average pay by 18.
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The union that represents pilots at United Airlines said yesterday that it had struck a deal that would allow the airline to terminate the pilots&#39; ailing pension plan and partly compensate them for the loss.
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The Air Line Pilots Association expects to have a decision by early Thursday regarding a $300 million wage and benefit concession agreement affecting its US Airways pilots, according to a union spokesman.
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Leaders of the Air Line Pilots Association said US Airways' plan to cut salaries and benefits of management was welcome news, but does not constitute a deal.
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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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Delta Air Lines&#39; pilots, by far the best paid in the airline industry, face a painful choice over the next few weeks: accept a tentative deal that calls for a one-third cut in pay, or
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Pilots at US Airways have voted in favour of giving $300 million in annual wage and benefit concessions to the struggling airline, becoming the first major labor group to accept permanent cuts, the union representing pilots said.
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WASHINGTON -- US Airways and the lead negotiators of its pilots union reached a tentative, $300 million annual cost-cutting agreement early Friday morning, a move that the airline says will help it emerge from bankruptcy.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, a deal that could save it from bankruptcy.
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The leadership of the pilots' union at US Airways voted late last night to hold last-ditch talks with the airline on its bid for wage and benefit cuts.
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ARLINGTON, Va. - US Airways&#39; pilots union ratified a new labor contract that will cut their base pay by 18 percent and save the airline $300 million a year.
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Pilots at US Airways Group Inc. have ratified a contract that will cut their pay by 18 percent and increase their flight load through 2009.
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Leaders of the pilots&#39; union at bankrupt US Airways were considering Friday whether to forward to members a proposed contract renegotiation that includes an average pay cut of more than 18 percent.
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US Airways and its flight attendants appeared closer to agreement Friday after union negotiators approved a tentative contract. The new pact, which now must be approved by the group&#39;s 5,400 members, calls
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US Airways Group Inc. and its pilots union have reached a tentative agreement regarding new wage and benefit concessions, an Air Line Pilots Association spokesman said Friday.