Judge Allows US Airways Pay Cuts, a Move United Also Seeks
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A bankrupt US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation, and the airline industry&#39;s other bankrupt company, United, said
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection by the year-end.  The rulings by U.S. Bankruptcy Court Judge Eugene Wedoff move  United UALAQ.OB a step closer to achieving $725 million  in  annual labor savings it says it needs to exit Chapter 11.
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US Airways Group Inc. has told a judge in US Bankruptcy Court it needs an answer by the end of next week on its proposal to cut employee pay 23% or it faces possible liquidation, the Associated Press reports.
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US Airways employees are earning less. A federal bankruptcy judge has given the troubled airline permission to cut the pay off its union employees by 21 percent immediately.
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US Airways announced plans Tuesday 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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ARLINGTON, Va. US Airways has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season.
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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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US Airways Group Inc. UAIRQ.PK will  ask a bankruptcy court on Friday to impose emergency pay cuts  of 23 percent on unionized workers, in an effort to help the  No. 7 U.S. airline stay alive.
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection.
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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., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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ARLINGTON, Va. -- US Airways chief executive Bruce Lakefield said yesterday 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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A bankruptcy judge gave US Airways Group Inc. permission Monday to tap a government loan to fund daily operations - a move expected to allow the airline to continue normal operations while it searchs for alternative financing.
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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 (UAIRQ.OQ: Quote, Profile, Research) 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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ALEXANDRIA, Va. Sept. 27, 2004 - 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 will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier&#39;s unions do not agree on concessions by Friday, the chief executive told employees yesterday.