US Airways Said to Plan to Ask Court for Pay Cuts
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US Airways plans to ask a federal bankruptcy judge to impose temporary pay cuts on its workers unless it can reach agreement with its unions before then.
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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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US Airways announced plans to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union employees to collectively accept $950 million in annual cost cuts.
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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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US Airways Group Inc. and its pilots union said they may agree by today on a plan to cut $295 million in wages and benefits to help the carrier avoid a second bankruptcy filing.
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United Airlines is expected to ask a  bankruptcy judge to let it extract new concessions worth $725  million a year from employees as it seeks to reorganize, the  Wall Street Journal reported on Friday, citing unnamed sources.
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With a bankruptcy court scheduled to hear arguments Thursday by US Airways Group Inc. to throw out contracts covering union workers who haven&#39;t approved new deals, union leaders for the carrier&#39;s customer-service
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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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US Airways Group Inc. yesterday asked a bankruptcy court judge to terminate the long-term contracts of its flight attendants, mechanics, and customer service and ticket agents if the
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US Airways Group Inc. is proceeding with plans to seek bankruptcy court permission to cut employee pay and benefits, Chief Executive Bruce Lakefield said in a recorded message to workers.
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ARLINGTON, Va. US Airways says it plans to cut 45 (m) million dollars a year in pay and benefits in a move the airline hopes will convince its union employees to accept 950 (m) million dollars in annual cost cuts.
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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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Union workers may face a 23 percent slash in pay; United says it needs cash reserves. United Airways asked a bankruptcy judge to impose a 23 percent pay cut on its union workers, including pilots and attendants.
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US Airways' 28,000 employees waited last night for the airline to file a petition with the judge in its bankruptcy proceeding, seeking to void existing labor contracts and impose a 23 percent pay cut on workers.
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ARLINGTON US Airways Chief Executive Bruce Lakefield said yesterday that 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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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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Labor leaders at US Airways expect management to soon seek bankruptcy court permission to cut wages for members of some of its five unions.