SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

US Airways Pilots Accept Pay Cut

Tue Jul 09, 2002 7:44 pm

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.
 
737heavy
Posts: 545
Joined: Fri Apr 05, 2002 9:05 pm

RE: US Airways Pilots Accept Pay Cut

Tue Jul 09, 2002 8:00 pm

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

Regards
 
US A333 PIT
Posts: 308
Joined: Thu Jan 18, 2001 8:36 am

RE: US Airways Pilots Accept Pay Cut

Tue Jul 09, 2002 8:39 pm

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