Read more »

"/>

US Airways Asks Court to Impose Cuts

US Airways, in a move that it calls "unfortunate but necessary" has asked a bankruptcy court to terminate existing contracts with 3 of its unions.  In addition, it seeks to eliminate its pension plan for 2 of its unions and eliminate health care for retirees. Separately, the carrier said it would close 4 of its airport clubs.  Things will continue to get worse before they get better.  Though, in case you were wondering, I think US Airways will never pull out of this bankruptcy.  This is, I think, a case of too little, too late—their first bankruptcy should have accomplished the same things they’re trying to do now.  Only now, the conditions in the industry are worse than they were before.

Did you enjoy this post?
Sign Up to Receive 1 Email Each Day
Join the more than 7000+ people who get 1 email each day with all the airline news, credit card ideas and general nonsense we've provided for more than 10 years.

Leave a Comment


NOTE - You can use these HTML tags and attributes:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>