US Airways to Keep Retiree Benefits
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Airline backed off from its plan to eliminate its retirees' medical benefits and agreed late Wednesday to continue paying for some of their health care.
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Final pension reform legislation  headed for a vote in the U.S. Senate this week not only will  help bankrupt airlines save their traditional retirement plans,  but also is supported by General Motors Corp.  and the  United Auto Workers.
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Pension legislation meant to give retirees greater financial security and prevent airlines from dumping their plans on the government could be on the president's desk as early as next week under a plan announced by GOP congressional leaders Friday.
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US Airways, in its latest effort to cut costs under bankruptcy protection, is stripping former executives and board members of their ability to travel free in first class, the airline said yesterday.
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US Airways&#39; (UAIRQ:OTC BB - news - research) passenger service employees approved a package of concessions estimated to save the airline about $137 million a year.
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Bankrupt No. 7 airline says it will save $300Ma year under terms of tentative labor pact. NEW YORK (CNN/Money) - Bankrupt airline US Airways announced Friday it reached a tentative concession deal with its
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US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) chairman said employees must agree to $800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing ...
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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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ARLINGTON, Va. - US Airways announced plans Tuesday to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union employees to collectively accept $950 million in annual cost cuts...
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U.S. pension insurers assumed  control of underfunded retirement plans covering more than  51,000 workers and retirees at bankrupt US Airways UAIRQ.OB,  a drastic money saving step the airline claimed was necessary  for it to survive, the government said on Wednesday.
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US Airways announced plans Tuesday to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union
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Pilots at US Airways on Thursday  ratified a concession package that includes pay cuts of 18  percent, a decrease in company contributions to their  retirement plan and increased pilot productivity.
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US Airways Group Inc. will consolidate reservations centers in Winston-Salem, a move that will keep hundreds of jobs in North Carolina, the airline said Wednesday.
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US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) chairman said employees must agree to $800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing
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NOVEMBER 11, 2004 -- Bankrupt US Airways this morning said it had reached agreements with lenders and lessors to continue operating nearly all of its mainline and US Airways Express fleets.
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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.
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Big U.S. businesses will in general maintain retiree health benefits next year despite fears they would be cut to compensate for benefits to the elderly in the new Medicare law, a survey found.