US Airways Pilots Hint Deal Is Near on Cuts
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he pilots&#39; union at US Airways said yesterday that it might be close to reaching an agreement on wage and benefit cuts that the struggling airline contends are necessary to avoid another bankruptcy filing.
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Pilots for US Airways are continuing to negotiate this weekend over the Arlington airline&#39;s demand for a 16.5 percent pay cut, despite a warning from management that negotiations should have concluded yesterday.
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US Airways Group Inc. and its pilots union plan to resume talks on $295 million in pay and benefit cuts the carrier needs to help avoid a second bankruptcy filing, after each side made a proposal over the weekend.
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US Airways Group Inc, struggling to avert a second bankruptcy filing since 2002, and its pilots union have agreed to resume negotiations on US$295 million in pay-and-benefit cuts.
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Bankrupt US Airways took a crucial  step toward securing $300 million in concessions from its  pilots union late on Tuesday when leaders of the labor group  said they would forward a plan to cut wages and benefits to all  pilots for a vote.
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Pilots at Northwest Airlines said a deal on concessions could come &quot;in the very near future,&quot; putting the airline within striking distance of savings it has said are key to its future.
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US Airways Group Inc. and its pilots union agreed to resume negotiations on wage and benefits cuts the carrier is seeking to operate during bankruptcy protection.
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US Airways Group Inc. said on Friday  it reached a tentative agreement with its Air Line Pilots  Association union that would save $300 million annually and  move the bankrupt airline closer to implementing a  transformation plan.
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WASHINGTON -- US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union agreeing to take the latest company proposal to its leaders this week.
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ARLINGTON, Va. The union representing US Airways pilots says talks with the airline have broken down. Today&#39;s announcement came days after union leaders said a new labor agreement could be reached soon with Pennsylvania&#39;s dominant airline.
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US Airways Group Inc. and its pilots union agreed late Friday to reopen concession talks after leaders of the labor group declined to endorse a plan proposed by management for nearly $300 million in givebacks, both sides said.
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SAN FRANCISCO (CBS.MW) -- The 12-member pilot leadership council at US Airways Group delayed its decision Saturday on whether it will send management&#39;s latest contract offer to its pilots for a vote.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots permanently losing 17.5 percent of their salaries in exchange for a chance to save the airline and their jobs.
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Pilots at US Airways narrowly approved $300 million in wage and benefit cuts today, making the Air Line Pilots Association the first major union representing US Airways workers to agree to permanent concessions.
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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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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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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.