US Airways Asks Pilots for Pay Cut

Thu Aug 19, 2004

WASHINGTON (Reuters) - US Airways (UAIR.O: Quote, Profile, Research) , struggling to avoid a second bankruptcy, has asked pilots for a 16.5 percent pay cut, USA Today reported in its Friday editions.

The airline would give pilots the opportunity to recoup some of their salaries by flying more, the paper said, citing a copy of the proposal it had obtained.

US Airways also told union leaders that wage and benefit negotiations must end on Friday so employees can vote on proposals no later than Sept. 8, USA Today said.

The company has said it needs to find $1.5 billion in cost cuts by summer's end to avoid its second Chapter 11 filing in two years.

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