US Airways Pilots Approve 18% Pay Cut
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Five-year, $1.8 billion cost-cutting contract approved Thursday also reduces retirement benefits, increases work hours and eliminates retiree medical coverage.
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US Airways Group Inc. UAIRQ.PK said  on Friday it reached a tentative agreement with its pilots  union that would save $300 million annually and move the  bankrupt airline closer to carrying out a transformation plan.
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US Airways and its pilots union agreed early Friday on a new labor contract a week after the company asked a bankruptcy judge to impose pay cuts, a company official said.
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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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Leaders of the pilots&#39; union at bankrupt US Airways were considering Friday whether to forward to members a proposed contract renegotiation that includes an average pay cut of more than 18 percent.
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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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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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Delta Air Lines Inc., the third-largest US carrier, reached a tentative agreement with its pilots union on pay reductions, according to a statement by the union.
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Pilots at British Airways have voted to accept a contract which will raise pay by an estimated 8.6 percent over three years, their union said Friday.
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Leaders of the US Airways pilots union will decide Tuesday whether to forward a proposed contract to members that would cut average pay by 18.
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CHICAGO _ The leaders of United Airlines pilots union have agreed to accept a 15 percent pay cut and not oppose the elimination of their pension plan, setting a precedent both
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Bankrupt US Airways took a crucial  step toward securing $300 million in concessions from its  pilots union late on Tuesday when leaders of the labor group  said they would forward a plan to cut wages and benefits to all  pilots for a vote.
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SAN FRANCISCO (CBS.MW) -- Passenger service agents for US Airways represented by the Communications Workers of America ratified changes to their contract with the carrier, including a 12.9 percent average reduction in wages, the union said Thursday.
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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's situation is so dire that urgent action must be taken.
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ALEXANDRIA, Va. Â· A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline&#39;s situation is so dire that urgent action must be taken.
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The pilots at bankrupt UAL Corp.  UALAQ.OB on Monday ratified a tentative labor deal that will  allow United Airlines to save $180 million annually, a  spokesman for the pilots' union said.
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US Airways Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.