Delta pilots OK 32.5% pay cut
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ATLANTA -- Delta Air Lines pilots handed the struggling airline a huge victory yesterday in its effort to avoid bankruptcy, agreeing to slash their salaries by more than $1 billion annually and forgo pay raises through 2009.
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Delta Air Lines Inc., the No. 3 U.S. carrier, said on Wednesday it is cutting its airfares by as much as 50 percent for travel in the continental United States.
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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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The pilots union at Northwest Airlines  Corp. NWAC.O, the No. 4 U.S. air carrier, ratified a $265  million concession package that includes 15 percent pay cuts,  the union said on Friday.
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Delta Air Lines Inc., the No. 3 U.S.  carrier, said on Wednesday it is cutting its airfares by as  much as 50 percent for travel in the continental United States.
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Pilots at Northwest Airlines Corp., the  No. 4 U.S. air carrier, have ratified a $265 million concession  package that includes 15 percent pay cuts, the pilots union  said on Friday.
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The pilots union at Northwest Airlines Corp. , the No. 4 U.S. air carrier, ratified a &#36;265 million concession package that includes 15 percent pay cuts, the union said on Friday.
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ATLANTA -- Delta Air Lines' pilots union agreed yesterday to allow the struggling carrier to bring pilots out of retirement on a limited basis to deal with staff shortages that threaten to ground flights.
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The pilots union at Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) , the No. 4 US air carrier, ratified a $265 million concession package that includes 15 percent pay cuts, the union said on Friday.
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US Airways pilots yesterday approved a five-year, cost-cutting contract that will reduce their pay about 18 percent and save the airline about $1.
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US Airways and its pilots&#39; union reached a tentative agreement yesterday on $300 million in annual wage and benefit cuts, after weeks of debate inside the union over whether to grant concessions to the troubled airline.
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United Airlines reaches agreements with pilots and flight attendants on pay cuts which will save the bankrupt airline more than $310m a year.
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Delta Air Lines' pilots accept pay cuts worth a total $1bn (Â£540m) to keep the airline from bankruptcy.
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ATLANTA -- Pilots for Delta Air Lines have begun to cast ballots on a union contract proposal that would slash their salaries by nearly a third.
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The union representing pilots at ATA  Holdings Corp. has approved a tentative agreement on wage cuts  that may win up to $6 million in immediate savings for bankrupt  ATA Airlines, a union spokesman said on Thursday.
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Pilots at Delta Air Lines Inc. on  Thursday ratified a concession package that will save the  carrier $1 billion a year, in a move the company hopes will buy  it time to restructure outside of bankruptcy.
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ATLANTA -- The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid bankruptcy, but their new contract offers no guarantees for the company's future.