United Airlines Pilots OK Wage-Cut Deal
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The pilots at bankrupt UAL Corp.  UALAQ.OB on Monday ratified a tentative labor deal that will  allow United Airlines to save $180 million annually, a  spokesman for the pilots' union said.
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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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By their vote, the pilots became the first major union to agree to permanent cuts at the airline.
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By Kyle Peterson CHICAGO  - 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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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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The pilots and flight attendants at  bankrupt UAL Corp. on Monday ratified wage-cut deals worth $311  million annually to United Airlines, possibly moving the  carrier closer to a Chapter 11 exit.
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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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US Airways and its pilots union reached tentative agreement today on $300 million in wage and benefit cuts, after weeks of debate inside the union over whether to grant the cuts to the bankrupt airline.
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WASHINGTON -- US Airways and the lead negotiators of its pilots union reached a tentative, $300 million annual cost-cutting agreement early Friday morning, a move that the airline says will help it emerge from bankruptcy.
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Delta reached a tentative agreement with its pilots' union Wednesday night on wage and benefit cuts, averting a threatened bankruptcy filing, at least for now.
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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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Delta Air Line&#39;s pilots negotiation committee last night reached a tentative cost-cutting agreement with the Atlanta-based airline.
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The tentative agreement between US Airways and its pilots' union includes $300 million in annual wage and benefit cuts.
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United Airlines on Tuesday announced it has secured a tentative contract agreement with its pilots. The agreement makes the pilots the first of United&#39;s four big unions to come to initial terms.
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US Airways&#39; pilots voted to approve a new labor agreement yesterday that will reduce their salaries by 18 percent but will save the airline $300 million a year.
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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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SAN FRANCISCO (CBS.MW) -- Pilots at Delta Air Lines approved a management-backed pay cut that will save the airline $5 billion over the next five years, the pilots union said Thursday.