Pilots say they are not to blame for bankruptcy: U.S. Airways group cited high labor costs in its court filing, but some employees said its business model was flawed
Article Abstract:
The U.S. Airways pilots stated that they are the victims and not the cause for the bankruptcy. According to employees the old-style hub-and-spoke model used by U.S. Airways is the cause for bankruptcy and not the salaries of employees. However, bankruptcy judge in Alexandria, Va. granted permission to the airline, which is the largest carrier at Philadelphia International Airport to use money from a government loan to continue funding its daily operations.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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US Airways unions try to stop cuts
Article Abstract:
US Airways unions counterattacked in Bankruptcy Court stating that the company is asking for more concessions that it needs to survive until February 2005. The airline and a federal agency agreed to extend a provision of the airline's government-backed loan that lets the company use its available cash to fund daily operations while it is in bankruptcy.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Good times over for US Airways' crew
Article Abstract:
A judge approved the US Airways airlines' request to impose deep pay cuts of about 21 percent in accordance to the bankruptcy proceedings. The airlines want to pay $13.10 an hour or $524 a week, a wage comparable to that offered by low-cost airlines.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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