Second Time A Charm For Us Air?

[EyeInTheSky]

Second Time A Charm For US Air?
Tara Murphy, 09.10.04, 5:15 PM ET

NEW YORK - In the headlines this afternoon, US Airways is presenting its pilots' union with a new labor contract as the airline works to avert bankruptcy for a second time.

This week dissatisfied union leaders refused to put an earlier offer in front of their members for a vote. US Airways (nasdaq: UAIR - news - people ) Chief Executive Bruce Lakefield says its latest offer includes fewer pay cuts because it asks the pilots and flight attendants to work more hours. That would likely mean more furloughs. The airline is looking for $800 million in annual cost cuts.

Read the rest at http://www.forbes.com/2004/09/10/cx_tm_0910video3.html

 

[Dog Wonder]

Is this an improvement on any other offers?

Either way, too little, too late.

 

[N924PS]

Is this an improvement on any other offers?

Either way, too little, too late.

[post="178248"][/post]​

No improvement. SOS. Worse in many respects. No word if the NC will be tasked to present yet another counter offer.

Looks as if BK 7/11 is imminent.