Airlines Wage Pay-Cut War
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Airlines are famous for cutting and raising fares immediately after their competitors take such actions. Now, it seems, theyâre applying the same strategy to cost reductions.
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Airline unions, still nursing wounds  after a bruising six-year clash with cash-strapped carriers,  are getting ready to reclaim lost wages and benefits for  workers, as well as some lost clout for themselves.
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Troubled airline US Airways asks a court to impose wage cuts of up to 23%, warning it may go into liquidation.
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Delta Air Lines Inc. on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.
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Pilots for US Airways are continuing to negotiate this weekend over the Arlington airline&#39;s demand for a 16.5 percent pay cut, despite a warning from management that negotiations should have concluded yesterday.
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Delta Air Lines Inc. on Wednesday cut  its fares by up to 50 percent for travel in the continental  United States, prompting fears of a new fare war and sending  airline shares sharply lower.
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Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company&#39;s elimination of traditional pensions under a tentative contract agreement made public Friday.
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Atlanta | Delta Air Lines is cutting the pay of executives, administrative staff and front-line employees by 10 percent, increasing the shared cost of health care coverage and making changes to retirement benefits as part of its turnaround plan.
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Continental Airlines on Thursday said it intends to cut USD$500 million in costs per year from a combination of pay cuts, benefit changes and other measures to ensure its survival after losing hundreds of millions of dollars since the September 11, 2001
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The pressure on US Airways mounted last night after talks with its pilots aimed at cutting nearly $300m (Â£163m) in costs broke down.
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US Airways UAIR.O, struggling to  avoid a second bankruptcy, has asked pilots for a 16.5 percent  pay cut, USA Today reported in its Friday editions.
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American Airlines slashed its fares to Miami yesterday by as much as 85 percent from several cities including Washington's Reagan National Airport, possibly setting off a winter fare war on routes to Florida.
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DALLAS -- American Airlines&#39; chief executive is warning of more job cuts to reduce costs as the carrier struggles to compete with lower-overhead airlines.
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Three of the nation&#39;s largest airlines announced steep cost and job cuts yesterday in an effort to return to profitability and better position themselves for long-term survival.
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Airline fares are at historic lows, but you get what you pay for. Airlines have cut back on food service, started charging passengers to talk to human beings when making reservations, stuffed extra seats onto already-crowded planes and in one instance, done away with in-flight pillows.
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The biggest U.S. airlines, struggling to cement their shaky recovery, face a rising challenge from angry unions looking to recoup billions in wages and pensions lost since 2001.
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Pilots at Northwest Airlines accept a 15% pay cut as the firm struggles against high fuel bills and tough competition.