US Airways reached agreement with its pilots last month that will end in approximately $100 million in additional savings annually by means of a combination of productivity improvements.


US Airways reached agreement with its pilots last month that will end in approximately $100 million in additional savings annually by means of a combination of productivity improvements, benefit and pension savings and temporary wage concessions. The Dec14 agreement meant the carrier was halfway to achieving President and CEO David Siegel's goal of achieving $200 million in extra labor savings as part of its bankruptcy reorganization. Retirement regularitys of Alabama, which is providing debtor-in-possession financing to restrain the carrier aloft, threatened to withhold further foundations if ...



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