US Airways&#39; pilots union OKs contract - and 18% pay cut
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US Airways&#39; pilots union ratified a new labor contract Thursday that the airline says is a critical step to a successful emergence from bankruptcy, with pilots accepting
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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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US Airways Group Inc. (UAIRQ.PK: Quote, Profile, Research) said on Friday it reached a tentative agreement with its pilots union that would save $300 million annually and move the
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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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Pilots at British Airways have voted to accept a contract which will raise pay by an estimated 8.6 percent over three years, their union said Friday.
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US Airways and its pilots union agreed early Friday on a new labor contract a week after the company asked a bankruptcy judge to impose pay cuts, a company official said.
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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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The customer service and reservation agents of the US Airways Group have approved a 13 percent pay cut and the elimination of some jobs to save the carrier $137 million a year and help avoid liquidation.
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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 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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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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Pilots at US Airways narrowly approved $300 million in wage and benefit cuts today, making the Air Line Pilots Association the first major union representing US Airways workers to agree to permanent concessions.
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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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Pilots at UAL Corp., 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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US Airways reached a tentative $4.5 million cost-cutting agreement with leaders of the union that represents the carrier's 150 flight dispatchers, the airline said yesterday.
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US Airways Group Inc. UAIRQ.PK said  on Friday it reached a tentative agreement with its pilots  union that would save $300 million annually and move the  bankrupt airline closer to carrying out a transformation plan.
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United Airlines reaches agreements with pilots and flight attendants on pay cuts which will save the bankrupt airline more than $310m a year.