- Sep 3, 2002
- 176
- 0
ATSB Gives US Airways Narrow Window
Under the new deal, US Airways must "significantly narrow" losses in 2004, regain profitability in 2005 and maintain an unrestricted cash balance of $700 million. The company's current unrestricted cash balance is roughly $925 million.
"This agreement gives us a narrow window for management and labor to ... make the changes necessary to get back to profitability," said US Airways Chairman David Bronner.
The IAM is refusing to reopen its labor contract to make more concessions. The pilots union has agreed to talk with US Airways management again, but the flight attendants union has demanded a detailed business plan before it will consider new talks.
US Airways Chairman David Bronner said the agreement "gives us a narrow window for management and labor to continue to work together to make the changes necessary to get this company back to profitability."
How Much Time Do We Have Left?
In Terms of Dates etc.
No Throwing Stones on this one / How about Time Frames!
Under the new deal, US Airways must "significantly narrow" losses in 2004, regain profitability in 2005 and maintain an unrestricted cash balance of $700 million. The company's current unrestricted cash balance is roughly $925 million.
"This agreement gives us a narrow window for management and labor to ... make the changes necessary to get back to profitability," said US Airways Chairman David Bronner.
The IAM is refusing to reopen its labor contract to make more concessions. The pilots union has agreed to talk with US Airways management again, but the flight attendants union has demanded a detailed business plan before it will consider new talks.
US Airways Chairman David Bronner said the agreement "gives us a narrow window for management and labor to continue to work together to make the changes necessary to get this company back to profitability."
How Much Time Do We Have Left?
In Terms of Dates etc.
No Throwing Stones on this one / How about Time Frames!