US Airways is seeking another round of concessions from its employees in order to avoid a second bankruptcy. The airline received a major setback today when the pilots' union rejected a bid for $295 million in wage and benefit cuts. Cooperation with the pilots is essential for the airline to secure agreements with other unions over wage and benefit cuts.
See "US Airways Pilots Reject Wage and Benefit Cuts", Micheline Maynard, The New York Times, September 6, 2004