luvthe9
Veteran
- Aug 30, 2002
- 9,464
- 14,119
And here is where it gets interesting. It sounds as if the pay rates for the narrowbody will be near 175-180.00 And the DOH seniority proposal is rumored to have been sent to Parker. So we are getting down to it. Are you westies going to vote for it? And if it passes, will you be "harmed??"ARLINGTON, Va. - US Airways has assured customers they won’t notice any changes following its decision to file for bankruptcy protection, the second time in two years the airline has sought such help as it struggles against lower-cost rivals.
The filing Sunday in U.S. Bankruptcy Court in Alexandria came after US Airways was unable to obtain $800 million in annual cost cuts from its workers’ unions that the airline said it needed to stay afloat. A hearing was scheduled Monday.
The company, the nation’s seventh-largest airline, said financial deadlines looming Sept. 30 forced it to file now to conserve cash to navigate bankruptcy. The airline also had a $110 million pension payment due Wednesday if it had not sought protection.
US Airways Chairman David Bronner had warned several weeks ago that the airline would most likely have to liquidate if it filed for bankruptcy. Lakefield backed off those comments Sunday and assured customers that the airline faced no immediate danger of shutting down.
Bronner did not like your odds