Workers Face Difficult Choices as Airlines Seek Concessions
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The bankruptcies at US Airways and United show that companies can face financial distress even when workers cooperate.
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With a bankruptcy court scheduled to hear on Dec. 2 arguments 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
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Many United Airlines employees face a dimmer career outlook after learning the airline proposes wage cuts, job cuts and pension terminations to help pare $2 billion from annual costs.
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A group representing business travelers on Tuesday asked the US Congress to draft plans in the event that several major airlines are forced to liquidate.
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US Airways pilots resumed negotiations Wednesday with management on a new labor contract with the bankrupt airline, even as the company made clear that it will now be seeking greater concessions.
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SF AIRPORT -- Citing high fuel prices and worsening industry conditions, two airlines announced impending labor cuts while another sat poised to file for bankruptcy.
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US Airways is seeking $800 million in concessions from employee unions as it attempts to avoid filing Chapter 11. The Air Line Pilots Association will present its proposal on the evening of
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Trans-Atlantic business-class fares are about to become even more complicated as competition grows and demand holds up.
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A new round of merger talks in the airline industry is causing concern about rising fares and reduced air service to smaller destinations.
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Description: Troubled airlines have been trying to save on high-priced fuel by cutting back on extra weight. But it turns out the biggest problem is the passengers.
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United Airlines is expected to ask a bankruptcy judge to let it extract new concessions worth &#36;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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Business & money: Airports owner appeals to unions in hope of averting walkouts that would ground more than 1.3 million passengers next month
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United Airlines&#39; union leaders huddled Friday to decide how to respond after the company signaled its intent to impose an additional $725 million in labor cuts and eliminate traditional pension plans.
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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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Unions look set to back industrial action at BAA airports, but consider festive amnesty
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Airline says it will need $1B in concessions from pilots, about two-thirds of which would come from pay cuts, to avoid filing for bankruptcy protection.
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The national flight attendants union is opening the door to potential strikes as United Airlines parent UAL Corp. (UALAQ:OTC BB - news - research) scrambles to wrestle a round of critical wage concessions from its employees.