Northwest Pilots Ratify Concession Deal
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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 became the first labor group at the bankrupt airline to agree to a new round of wage and benefit cuts.
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US Airways Group Inc. and its pilots union agreed late Friday to reopen concession talks after leaders of the labor group declined to endorse a plan proposed by management for nearly $300 million in givebacks, both sides said.
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United Airlines, seeking cost cuts to help it get out of bankruptcy, has reached a tentative agreement with its pilots union, the first labor accord on additional concessions the carrier proposed last month.
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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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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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United Airlines' pilots have overwhelmingly ratified a new cost-cutting contract, giving the carrier an important victory as it worked to secure agreements from all its unions on the eve of a self-imposed deadline.
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Northwest Airlines and its pilots union have reached a tentative, two year contract that includes USD$265 million in wage, benefit and other concessions, the airline and the union said on Thursday.
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Delta Air Lines Inc., the third-largest US carrier, reached a tentative agreement with its pilots union on pay reductions, according to a statement by the union.
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Leaders of Delta Air Lines (DAL:NYSE - news - research) pilots union have approved a tentative package of concessions and will send it to rank-and-file members for a vote.
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Delta Air Lines' pilots union said late Wednesday it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
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Delta Air Lines&#39; pilots Thursday overwhelmingly approved a $1 billion package of concessions that cuts their pay by nearly a third but may pull the financially beleaguered carrier from the brink of bankruptcy.
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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
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The union representing the pilots at  UAL Corp. UALAQ.OB, parent of bankrupt United Airlines, on  Thursday said its members had ratified a contract agreement  with the airline.
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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 productivity.
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Northwest Airlines Corp.&#39;s   flight attendants ratified a new collective bargaining  agreement, the No. 5 U.S. carrier said on Tuesday as it  prepares to exit bankruptcy.
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Pilots at Northwest Airlines said a deal on concessions could come &quot;in the very near future,&quot; putting the airline within striking distance of savings it has said are key to its future.