US Airways Seeks Court OK to Nix Contracts
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US Airways (UAIRQ.OB:OTC BB - news - research) wants a federal judge to tear up contracts with three of its unions, reduce retiree health benefits and cancel its remaining defined-benefit pension plans.
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The machinists can approve the carrier's latest contract proposal and usher in the waves of cuts that come with it. Or they can turn down the contract and open the door to a walkout that could send  US Airways Group Inc. flying into oblivion.
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US Airways Group Inc. will ask a  bankruptcy court on Friday to impose emergency pay cuts of 23  percent on unionized workers, in an effort to help the No. 7  U.S. airline stay alive.
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US Airways will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier's unions do not agree on concessions by Friday, the chief executive told employees yesterday.
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The union representing reservation agents and other passenger service employees at US Airways has voted to authorize a strike if it cannot negotiate a fair contract with the bankrupt airline.
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US Airways Group Inc. UAIR.O  issued a general appeal on Tuesday to the carrier's 3,000  pilots after their union's leaders rejected proposed  concessions the company says are crucial to avert insolvency.
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US Airways Group Inc. met with two unions to try and agree on concessions before an Oct. 7 hearing at which a bankruptcy judge might let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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US Airways chief executive Bruce Lakefield said yesterday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its
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US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union
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US Airways Group Inc.  told a bankruptcy court on Monday it would skip a &#36;110 million pension payment due Wednesday as it looks to slash costs and avoid liquidation after filing for protection from its creditors over the weekend.
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US Airways Group Inc.  has given its machinists, flight attendants and ground workers until the middle of November to reach long-term concession agreements or the bankrupt airline will seek court approval to throw out their contracts, court documents show.
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Attorneys for US Airways hope to convince a bankruptcy court judge in Alexandria today that without substantial pay cuts, the airline will go out of business.
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US Airways asked a bankruptcy court yesterday to throw out contracts covering passenger service agents, flight attendants, mechanics and other workers and replace them with less-expensive ones.
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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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ALEXANDRIA, Va.  - US Airways Group Inc. UAIR.O  told a bankruptcy court on Monday it would skip a $110 million  pension payment due Wednesday as it looks to slash costs and  avoid liquidation after filing for protection from its  creditors over the weekend.
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United Airlines formally raised the  possibility of throwing out union contracts on Friday, asking a  bankruptcy judge for permission to discuss the matter at an  upcoming court hearing.
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) issued a general appeal on Tuesday to the carrier&#39;s 3,000 pilots after their union&#39;s leaders rejected