US Airways asks bankruptcy judge to cancel three union contracts
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US Airways asked a bankruptcy judge Friday to cancel labour contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition
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US Airways (UAIRQ.OB:OTC BB - news - research) wants a federal judge to tear up contracts with three of its unions, reduce retiree health benefits and cancel its remaining defined-benefit pension plans.
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US Airways Group Inc. will begin liquidation in mid-January if it fails to secure new lower-cost, long-term contracts with three of its largest labor unions either by negotiation or court
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US Airways Group Inc. met with two unions to try and agree on concessions before an Oct. 7 hearing at which a bankruptcy judge might let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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US Airways Group Inc.  has given its machinists, flight attendants and ground workers until the middle of November to reach long-term concession agreements or the bankrupt airline will seek court approval to throw out their contracts, court documents show.
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US Airways Group Inc. met Monday with two unions to try to agree on concessions before an Oct. 7 hearing at which a bankruptcy judge could let the carrier temporarily reduce pay by 23 percent.
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A federal bankruptcy judge on Friday  agreed to consider a motion by United Airlines UALAQ.OB to  cancel its union contracts to save $725 million a year.
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ARLINGTON, Va. -- US Airways chief executive Bruce Lakefield said yesterday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its union workers to conserve cash during the slow fall travel season.
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ALEXANDRIA, Va. &#151; US Airways Group Inc. warned in a bankruptcy court filing that it may have to liquidate by February if a judge does not impose a temporary 23 percent pay cut on its union workers.
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United Airlines formally raised the  possibility of throwing out union contracts on Friday, asking a  bankruptcy judge for permission to discuss the matter at an  upcoming court hearing.
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ALEXANDRIA, Va. - A bankruptcy judge gave US Airways Group Inc...
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A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent, saying the airline's situation is so dire that urgent action must be taken.
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US Airways  has asked a bankruptcy judge to approve temporary wage and other cost cuts from its unions, saying it only has enough cash to survive through January 2005.
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A major union at US Airways (UAIRQ.OB: Quote, Profile, Research) positioned itself on Tuesday for a possible strike if the airline throws out union contracts to save money.
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US Airways (UAIRQ.OB: Quote, Profile, Research) wants a bankruptcy judge to impose temporary wage and other cost cuts on its union workers, warning that it only has enough cash to operate through January.
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United Airlines formally raised the possibility of throwing out union contracts on Friday, asking a bankruptcy judge for permission to discuss the matter at an upcoming court hearing.
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US Airways Group Inc. UAIRQ.PK will  ask a bankruptcy court on Friday to impose emergency pay cuts  of 23 percent on unionized workers, in an effort to help the  No. 7 U.S. airline stay alive.