US Airways Asks Court For Pay Cuts
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US Airways will ask a bankruptcy judge to approve emergency pay cuts and the carrier also plans other moves to raise cash.
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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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US Airways Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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ALEXANDRIA, Va. Â· A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline&#39;s situation is so dire that urgent action must be taken.
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US Airways faces a "high probability" of liquidation by mid-February if the temporary pay cuts it requested are not approved by the U.S. Bankruptcy Court.
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S Airways said yesterday that it would ask a bankruptcy judge to approve emergency pay cuts - which its unions said would be 23 percent - and other moves to raise cash.
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US Airways UAIRQ.OQ has asked a  bankruptcy judge to approve temporary wage and other cost cuts  from its unions, saying it only has enough cash to survive  through January 2005.
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US Airways announced plans 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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Bankrupt US Airways is giving flight attendants, machinists and passenger service workers three weeks to reach consensual cost-cutting pacts before the airline asks
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US Airways employees are earning less. A federal bankruptcy judge has given the troubled airline permission to cut the pay off its union employees by 21 percent immediately.
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Bankrupt airline US Airways will ask a  bankruptcy court judge to impose emergency pay cuts of 23  percent on its major unions, the New York Times reported late  on Thursday.
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US Airways is urging its unions to grant $800 million in cuts to save it from another bankruptcy filing.
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US Airways lawyers told a federal bankruptcy judge here Thursday that the carrier can&#39;t afford to maintain its current pension plans.
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US Airways Group Inc. has told a judge in US Bankruptcy Court it needs an answer by the end of next week on its proposal to cut employee pay 23% or it faces possible liquidation, the Associated Press reports.
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US Airwaysâ unions say the bankrupt airline is âbarking up the wrong treeâ by seeking to ensure its solvency by imposing a 23 percent pay cut on its workers.
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Struggling US Airways (UAIR) has asked its pilots to accept a 16.5% pay cut while giving them the chance to recoup some of the money by flying more.
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A bankruptcy judge today begins hearings on US Airways&#39; request to reject its union contracts and impose $1 billion in wage and benefits cuts on 28,000 workers.