Judge OKs Cuts for UAL Pilots, Attendants
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection by the year-end.  The rulings by U.S. Bankruptcy Court Judge Eugene Wedoff move  United UALAQ.OB a step closer to achieving $725 million  in  annual labor savings it says it needs to exit Chapter 11.
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A federal bankruptcy judge approved United Airlines&#39; amended financing plan Friday, rejecting union arguments that United didn&#39;t try hard enough to come up with an alternative that would continue company contributions to employee pension funds.
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UAL Corp.&#39;s United Airlines told a bankruptcy court Thursday it will likely scrap its employee pension plans, which drew more rebukes from its labor unions.
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Pilots at ATA Holdings Corp. ATAHQ.PK  on Monday ratified a labor deal that cuts their pay by 20  percent and saves bankrupt ATA Airlines up to $12 million over  four months while it restructures.
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The leaders of United Airlines pilots union have agreed to accept a 15 percent pay cut and not oppose the elimination of their pension plan, setting a precedent
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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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Executives at the Illinois-based UAL Corp., parent of bankrupt United Airlines, will share airline employees&#39; pain with pay cuts of 4 percent to 8 percent.
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The union that represents pilots at United Airlines said Friday that it had struck a deal that would allow the airline to terminate the pilots' ailing pension plan.
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United Airlines flight attendants have voted to authorize strikes in the event a bankruptcy court next month allows the carrier to scrap their contract.
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CHICAGO A bankruptcy judge in Chicago has given United Airlines more time to negotiate with its unions on proposed cuts in labor costs.
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new five-year contract which will allow the airline  to cut wages and get rid of traditional pensions but will give  the pilots future financial incentives.
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United Airlines parent UAL Corp. and leaders of its pilots union have agreed on a deal under which the pilots will not oppose termination of their pension plan but will receive a $550 million note convertible into company stock when the airline emerges from bankruptcy protection.
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CHICAGO _ The leaders of United Airlines pilots union have agreed to accept a 15 percent pay cut and not oppose the elimination of their pension plan, setting a precedent both
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A federal bankruptcy judge agreed on  Friday to consider a motion by United Airlines UALAQ.OB to  cancel its union contracts to save $725 million annually.
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Flight attendants at bankrupt US Airways approved a new labor contract Wednesday that cuts their pay by nearly 10 percent, leaving only one union that has refused to accept the cuts the airline says is necessary to avoid imminent liquidation.
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Comair received bankruptcy court approval to cut wages for flight attendants and mechanics and end contributions to their pension plans.
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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.