US Airways Pilots Grant Pay Concessions to Bankrupt Airline
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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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US Airways and its pilots union said on Saturday that they were willing to resume talks over a &#36;295 million package of concessions, as time ran short for the company to strike giveback deals with its labor groups and avert another trip into bankruptcy.
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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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US Airways Group Inc., struggling to avoid a second bankruptcy since 2002, gave its pilots&#39; union a new plan for $295 million in pay and benefit cuts three days after the group rejected a prior offer.
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In bid to stave off a second bankruptcy, airline wants pay concession of 16.5 percent, report says. WASHINGTON  - US Airways, struggling to avoid a second bankruptcy, has asked pilots for a 16.5 percent pay cut, USA Today reported Friday.
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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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Bankrupt No. 7 airline says it will save $300Ma year under terms of tentative labor pact. NEW YORK (CNN/Money) - Bankrupt airline US Airways announced Friday it reached a tentative concession deal with its
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Bankrupt US Airways (UAIRQ.OQ: Quote, Profile, Research) on Tuesday reached a tentative agreement on concessions with the union representing dispatchers, the company said.
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US Airways Group Inc., operating under bankruptcy court protection, may agree with pilots as soon as today on $300 million in wage and benefit cuts, the head of the Air Line Pilots Association said.
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A bankrupt US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation, and the airline industry&#39;s other bankrupt company, United, said
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US Airways Group Inc.'s pilots union said on Wednesday it may agree this week on a plan to cut wages and benefits to help the seventh-biggest U.S. airline avoid a second bankruptcy filing.
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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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Bankrupt US Airways Group Inc. (UAIRQ.OB: Quote, Profile, Research) reached a tentative agreement on Friday with negotiators for its pilots union on $300 million
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ARLINGTON, Va. A US Airways official says the airline and its pilots union agreed early today on a new labor contract a week after the company asked a bankruptcy judge to impose pay cuts.
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Delta Air Lines&#39; 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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US Airways Group Inc.'s pilots union  said on Wednesday it may agree this week on a plan to cut wages  and benefits to help the seventh-biggest U.S. airline avoid a  second bankruptcy filing.
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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.