UAL Pilots, Attendants OK Wage Cuts
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The pilots and flight attendants at  bankrupt UAL Corp. UALAQ.OB 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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UAL Corp. (UALAQ.OB: Quote, Profile, Research) on Monday announced new cuts in employees&#39; salaries as the parent of United Airlines looks to make $112 million in annual savings and emerge from bankruptcy protection.
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The pilots and flight attendants at bankrupt UAL Corp. on Monday ratified wage-cut deals worth &#36;311 million annually to United Airlines, possibly moving the carrier closer to a Chapter 11 exit.
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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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Bankrupt US Airways took a crucial  step toward securing $300 million in concessions from its  pilots union late on Tuesday when leaders of the labor group  said they would forward a plan to cut wages and benefits to all  pilots for a vote.
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Fears of a possible airline strike during the Christmas holiday eased yesterday when US Airways ground employees agreed to take 13 percent pay cuts to help bail out their employer.
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Pilots at US Airways have voted in favour of giving $300 million in annual wage and benefit concessions to the struggling airline, becoming the first major labor group to accept permanent cuts, the union representing pilots said.
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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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Members of the United Auto Workers union have approved a broad wage-cut agreement with Delphi Corp., the nation's largest auto-parts supplier, union officials said today.
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The pilots union at US Airways Group Inc.  on Thursday approved a &#36;300 million concession package, including pay cuts of 18 percent, to help the ailing carrier survive its second bankruptcy in two years.
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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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CHARLOTTE, N.C. - US Airways and its pilots union agreed on a new labor contract Friday, a week after the company asked a bankruptcy judge to impose pay cuts, the airline said...
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new contract which will allow the airline to cut  wages and get rid of traditional pensions but will give the  pilots future financial concessions.
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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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ARLINGTON, Va. - US Airways&#39; pilots union ratified a new labor contract that will cut their base pay by 18 percent and save the airline $300 million a year.
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Union leaders representing pilots at American Eagle, the commuter division of American Airlines, have accepted a tentative contract agreement that includes pay raises.
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SAN FRANCISCO (CBS.MW) -- Pilot leaders at United Airlines unanimously endorsed a tentative agreement that will cut pay by 15 percent, opting to accept management&#39;s demands rather than risk the chance of losing more in federal bankruptcy court.