Tue, Aug 24, 2004
Sparks New Fears Of Another Bankruptcy
Talks between financially-troubled
US Airways and its pilots over a new round of concessions broke
down on Monday, increasing odds that the airline might again have
to file for bankruptcy.
"Since the beginning of these talks, we have witnessed a
disturbing trend by the company to seemingly dismiss several
significant proposals from our pilot negotiators," Stephan said, as
quoted by Reuters. "Instead, management has responded by 'piling
on' additional demands to their counterproposals."
The latest round of talks was to have ended on Friday, but was
extended until Sunday. Still, both sides said they were far apart
when the negotiations broke down.
No new talks are scheduled.
US Airways wants its pilots to give back another $300 million,
including a 16-percent pay cut. That would be almost half of what
the airline wants in concessions from all its unions. But like the
pilots, US Airways' flight attendants, mechanics, baggage handlers
and ticket agents have yet to settle with the company on a new
round of give-backs.
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