The nearly 6,000 Air Line Pilots Association (ALPA) members at US Airways have offered to take an average pay cut of twenty-six percent for the next seven year and further cuts in benefits that would save the struggling airline a total of $328 million annually, the union announced yesterday. ALPA has also agreed to contract changes that would allow the company to more than double the number of small local jets it uses, and cross-link routes, connections, frequent flyer miles and tickets with other companies---measures which could yield as much as $500 million in new revenues annually. As the June 28 deadline to apply for federal loan guarantees for airlines approaches, US Air and ALPA continue to negotiate over the cuts in labor costs vital to securing the loan guarantees approved by Congress in the wake of 9/11.
See "US Air Pilots Offer Concessions, Union Says", Reuters, The New York Times, June 4, 2002