US Airways CEO prefers negotiated concessions
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US Airways (UAIR) CEO Bruce Lakefield says management prefers to negotiate concessions from workers rather than use its legal powers in bankruptcy protection to impose them.
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ALEXANDRIA: US airways has reached a tentative agreement with the union representing more than 5,000 customer service workers, and continued talks with two other big labour groups about steep givebacks to keep the airline flying past January.
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Delta Air Lines Inc.&#39;s chief executive, Gerald Grinstein, backpedaled yesterday from his earlier hope that an agreement with pilots on stemming early retirements could be worked out by week&#39;s end.
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Pilots and management at US Airways continue talks Friday in hopes of making a deal to help save the struggling carrier. Negotiations might continue into the Labor Day weekend, says pilots union spokesman Jack Stephan.
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Attempting to ward off a second bankruptcy filing, management and pilots of US Airways (Nasdaq: UAIR) took discussions of concessions that might keep the airline afloat through this past weekend.
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Pilots at US Airways Group Inc. 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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ALEXANDRIA, VA. The former chief financial officer for US Airways is offering a bleak outlook for the carrier. Dave Davis told a bankruptcy court in Virginia the airline doesn&#39;t expect to turn a profit until 2007.
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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 said yesterday it can emerge from bankruptcy a stronger airline, but acknowledged it needs deeper wage concessions from its pilots - something it has failed to get after two years of trying.
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US Airways UAIR.O made a new  proposal to its pilots and flight attendants on Friday for  concessions that could help the company avoid its second  bankruptcy filing in two years, the company and union officials  said.
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Chief executives of Delta Air Lines  Inc.  and US Airways Group Inc.  pressed  Congress on Wednesday on their opposing views on merging their  companies, congressional officials said.
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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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US Airways Group and Delta Air Lines are both looking to their executive ranks in their latest round of cost cuts.
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ARLINGTON, Va. US Airways chief executive Bruce Lakefield says the airline will ask a bankruptcy judge to impose large temporary pay cuts on its union workers.
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Leaders of the union representing mechanics and baggage handlers at US Airways would like to present a concession package to members within several days, the union said on Friday.
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US Airways Group Inc.'s (UAIR.O) chairman said employees must agree to &#36;800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing an interview with Chairman David Bronner.
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Struggling air carrier US Airways (UAIRQ.OQ: Quote, Profile, Research) may petition a bankruptcy court to impose temporary concessions on its unionized workers in the event they fail to agree quickly enough to cost savings