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October 19, 2004

Bankruptcy Judge: US Airways 'Ticking Time Bomb'

Workers Protest Judge's Order For 21 Percent Pay Cuts Through February

"This is a ticking fiscal time bomb." Those words came from Alexandria (VA) Federal Judge Stephen Mitchell Friday, as he approved US Airways' request for a break on what it pays its workers. Labor negotiations aside, US Airways workers suddenly make 21-percent less than they did a week ago.

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United Says It Needs Even More Cuts

Blames Rising Fuel Costs And Weak Income

Still struggling against a tide of red ink, bankrupt United Airlines Friday told a Chicago federal judge that it needs to make significant additional cost cuts if it is to survive.

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