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US Airways Pilots Accept Pay Cut  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13711 posts, RR: 21
Posted (10 years 10 months 2 weeks 4 days 2 hours ago) and read 1047 times:

US Airways pilots have accepted a pay cut which would decrease the airline's staff bill buy US$465 000 000.

In addition, US Airways has applied for a US$1 000 000 000 loan from the US Government.

The deal with the pilots is valid until 2008. It is hoped that this cost-cutting measure ensures that US Airways will get the loan.

Last year, US Airways lost US$ 2 100 000 000 and is looking to save US$ 1 300 000 000.

More information at the BBC NEWS Online website


Anyone can fly, only the best Soar.
2 replies: All unread, jump to last
 
User currently offline737heavy From United Kingdom, joined Apr 2002, 601 posts, RR: 3
Reply 1, posted (10 years 10 months 2 weeks 4 days 1 hour ago) and read 1039 times:

That should give the senior management more to waste on themselves.

Regards

User currently offlineUS A333 PIT From United States of America, joined Jan 2001, 310 posts, RR: 0
Reply 2, posted (10 years 10 months 2 weeks 4 days 1 hour ago) and read 1028 times:

Senior management took bigger paycuts than anybody else in the company.
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