US Airways cleared to cut pay 21 percent
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A bankruptcy judge granted US Airways authority today to immediately cut the pay of its union workers by 21 percent, saying the airline&#39;s situation is so dire that urgent action must be taken.
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US Airways&#39; 5,600 gate, ticket and reservation agents approved a new seven-year contract yesterday that will lower their wages by an average of 12.9
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The unraveling of the ailing airline industry picked up speed Friday as a bankruptcy judge granted US Airways authority to temporarily cut the pay of its union workers by 21 percent, comparing the airline&#39;s financial outlook to &quot;a ticking fiscal time bomb
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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 US Airways Group Inc. have ratified a contract that will cut their pay by 18 percent and increase their flight load through 2009.
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Fears of a possible airline strike during the Christmas holiday eased yesterday when US Airways ground employees agreed to take 13 percent pay cuts to help bail out their employer.
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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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A federal bankruptcy court judge yesterday granted US Airways most of the emergency pay cuts for its union members that it had said were critical to avoid liquidation.
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US Airways yesterday asked a US Bankruptcy Court to wipe out the collective bargaining agreements of 20,000 employees, terminate the pensions of 53,000 existing
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Delta Air Lines Inc., the No. 3 U.S. carrier, said on Wednesday it is cutting its airfares by as much as 50 percent for travel in the continental United States.
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Reservations and gate agents at US Airways approved a new contract yesterday that cuts pay by 13 percent and provides the airline some of the relief it says it needs to avoid imminent liquidation.
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US Airways also asks a judge to approve pay and benefit cuts to help save the carrier from going under. By Associated Press. ALEXANDRIA, Va.
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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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Bankrupt US Airways Group. Inc.  UAIRQ.OB said on Monday it would eliminate hundreds of  management and nonunion jobs and impose wage and other cuts to  save more than $45 million annually as it tries to overhaul its  business and survive.
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Troubled US Airways is to cut hundreds of management and non-union jobs, and cut wages, in a bid to save $45m (Â£25.2m) a year towards its survival.
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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 and its pilots&#39; union reached a tentative agreement yesterday on $300 million in annual wage and benefit cuts, after weeks of debate inside the union over whether to grant concessions to the troubled airline.