2 Airlines&#39; New Cuts Target Executives
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US Airways intends to slash its executive payroll by 20 percent, reducing the pay and benefits for its 3,000 managers and eliminating some positions, sources familiar with the plan said yesterday.
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The nation&#39;s two largest airlines, American and United, announced on Wednesday that they would cut flights at O&#39;Hare International Airport to ease congestion that has been delaying flights from coast to coast.
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United Airlines said it will need to cut more than $1 billion from its annual costs, a much higher figure than previous estimates.
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America's second largest airline announces widespread pay cuts as it strives to emerge from bankruptcy.
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Delta Air Lines  on Tuesday said it would reduce the pay of executives and frontline employees by 10 percent as of Jan. 1 as part of its drive to slash costs and avoid bankruptcy.
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The troubled airline&#39;s most recent offer includes a 16.5 percent pay cut and added flying time. By STEVE HUETTEL, Times Staff Writer.
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Delta Air Lines DAL.N on Tuesday said  it would reduce the pay of executives and frontline employees  by 10 percent as of Jan. 1 as part of its drive to slash costs  and avoid bankruptcy.
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ATLANTA - Delta Air Lines Inc.&#39;s chief executive said Tuesday he is giving up his six-figure salary for the rest of the year as he detailed a 10 percent pay cut that will affect senior officials, administrative staff and ticket and gate agents.
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Delta Air Lines Inc. chief executive Gerald Grinstein said his plan to turn around the struggling carrier includes more job cuts.
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The new chief executive of Airbus has outlined a vast restructuring plan for the ailing aircraft maker that could involve major job cuts and shifting more production out of Europe.
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ATLANTA Delta Air Lines Inc.&#39;s chief executive said yesterday he is declining his six-figure salary for the rest of the year as he detailed a 10 percent pay cut that will affect senior officials, administrative staff and ticket and gate agents.
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A new round of merger talks in the airline industry is causing concern about rising fares and reduced air service to smaller destinations.
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The two major US airlines in bankruptcy have made tough choices about jobs and wages while largely protecting the free tickets and other perks offered to their frequent fliers.
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US Airways Group Inc. plans to eliminate "hundreds" of management and nonunion jobs and cut top executives' pay by between 5 and 10 percent.
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ATLANTA Delta Air Lines is cutting the pay of executives, administrative staff and ticket and gate agents by 10 percent, increasing the shared cost of health care coverage and making changes to retirement benefits as part of its turnaround plan.
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Cost cuts are part of its effort to avoid bankruptcy; CEO will skip salary for the remainder of &#39;04. CHICAGO  - Delta Air Lines said Tuesday it would reduce the pay of executives and frontline employees by 10 percent as of Jan.
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Two of the biggest US airlines warn of steep cuts in staff benefits as they face what a bankruptcy judge calls a "fiscal timebomb".