US Airways Pilots OK More Cost Cuts
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The union representing pilots at US Airways Group Inc. said that it had ratified an agreement on $100 million in cost-cutting measures to help keep the airline from closing.
The Air Line Pilots Assn.’s Master Executive Council, which represents more than 4,000 pilots at the beleaguered airline, approved the measures, which include cuts in pay, pension and other benefits. The pilots group has already ratified $465 million in annual wage cuts and other concessions.
US Airways declared Chapter 11 bankruptcy in August.
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