US Air, Delta target executives for new cuts
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Washington, Sep 30. (PTI): Embattled American airliners US Airways and Delta Airline have announced that they are targeting executives for new cuts.
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US Airways Group Inc. plans to eliminate "hundreds" of management and nonunion jobs and cut top executives' pay by between 5 and 10 percent.
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NEW YORK -- Delta Air Lines Inc. , the number three US carrier, said yesterday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between 1,600 and 1,800 supervisory and administrative personnel as part of a previously announced plan to cut total staffing by 7,000.
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US Airways Group Inc.  is set  to meet representatives of bankrupt Delta Air Lines Inc.   and a key group of its creditors in New York on  Thursday, sources familiar with the matter said.
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Delta Air Lines Inc. DAL.N said on  Tuesday it will cut wages by 10 percent and its chief executive  will go unpaid for the rest of the year, but it still warned of  bankruptcy within weeks unless more cuts are made.
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US Airways is urging its unions to grant $800 million in cuts to save it from another bankruptcy filing.
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Delta Air Lines Inc., the No. 3 U.S. carrier which has been restructuring in efforts to avoid a bankruptcy filing, is expected to slash fares and remove restrictive rules such as Saturday-night stays, Time magazine reported in its online edition on Sunday.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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US Airways Group Inc. plans to eliminate &quot;hundreds&quot; of management and nonunion jobs and cut top executives&#39; pay by between 5 and 10 percent, the airline told its employees yesterday.
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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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Executives at the Illinois-based UAL Corp., parent of bankrupt United Airlines, will share airline employees&#39; pain with pay cuts of 4 percent to 8 percent.
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US Airways will ask a bankruptcy judge to approve emergency pay cuts and the carrier also plans other moves to raise cash.
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US Airways intends to slash its executive payroll by 20 percent, reducing the pay and benefits for its 3,000 managers and eliminating some positions, sources familiar with the plan said yesterday.
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Delta Air Lines is planning to cut 7,000 jobs, or about 10% of its workforce, as the US carrier fights to avoid bankruptcy.
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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier, said on Sunday it will cut 2,000  aircraft-maintenance jobs, up to 3,100 customer-service jobs,  and between 1,600 and 1,800 supervisory and administrative  personnel as part of a previously announced plan to cut total  staffing by 7,000.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , the No. 3 US carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between