US Airways shares climb as pilots work on pact
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Shares of US Airways Group Inc. (UAIR.O: Quote, Profile, Research) jumped on Friday after the air carrier&#39;s pilots union said it was working on a new labor contract and that its
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SAN FRANCISCO (CBS.MW) -- US Airways Group and its pilots union have resumed negotiations, the Air Line Pilots Association said Wednesday afternoon.
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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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US Airways and its pilots union agreed early Friday on a new labor contract a week after the company asked a bankruptcy judge to impose pay cuts, a company official said.
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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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Delta Air Lines Inc.  has reached a tentative contract with its pilots that will save the cash-strapped airline &#36;1 billion annually, sending its shares soaring almost 25 percent on Thursday.
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CHARLOTTE, N.C. - US Airways and its pilots union agreed on a new labor contract Friday, a week after the company asked a bankruptcy judge to impose pay cuts, the airline said...
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Pilots at US Airways Group Inc. resumed negotiations Wednesday with management on a new labor contract with the bankrupt airline, even as the company made clear that it will now be seeking greater concessions.
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Shares of US Airways Group Inc. slipped  as much as 23 percent in early trading on Tuesday after its  pilots union rejected the company's latest contract proposal, a  blow to its attempt to avoid a second trip through bankruptcy.
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The US Airways pilots' union said it would resume talks with the airline, which is urging its unions to grant $800 million in cuts to save it from a bankruptcy filing.
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Shares of Delta Air Lines Inc. DAL.N  jumped on Thursday after the company and its pilots union  reached a tentative contract that will save the cash-strapped  carrier $1 billion a year.
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US Airways Group Inc., operating under bankruptcy court protection, may agree with pilots as soon as today on $300 million in wage and benefit cuts, the head of the Air Line Pilots Association said.
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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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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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US Airways pilots resumed negotiations Wednesday with management on a new labor contract with the bankrupt airline, even as the company made clear that it will now be seeking greater concessions.
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A pay cut deal between Delta Air Lines and its pilots union didn&#39;t materialize Tuesday, though investors apparently think the airline&#39;s chances of sidestepping bankruptcy are improving.
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Bankrupt US Airways Group Inc.  UAIRQ.OB reached a tentative agreement on Friday with  negotiators for its pilots union on $300 million in annual  concessions.