United Air Lines said Thursday that despite its mechanics’ rejection of a 7-percent pay cut, it would find a way to trim $5.2 billion in labor costs and avert bankruptcy. Saturday, the flight attendants union okayed $412 million in wage concessions. Yesterday, the airline said talks with the mechanics union would resume, but didn’t say when or where…
US Airways announced last week that it will eliminate another 2,500 jobs in its effort to cut costs as it struggles to reorganize under Chapter 11 bankruptcy rules…
A man who apparently claimed to be an Al Qaeda terrorist and attempted to hijack an Alitalia MD-80 on Wednesday has been identified as a former policeman being treated for schizophrenia. The flight, from Bologna to Paris, landed safely after diverting to Lyon, and nobody was hurt. The man was armed only with a remote control device like those used for a television, police said.
On The Fly…
Key Takeaways:
- United Air Lines plans to cut $5.2 billion in labor costs to avoid bankruptcy, with flight attendants agreeing to concessions despite mechanics' rejection of a pay cut.
- US Airways will eliminate 2,500 jobs as part of its cost-cutting efforts while reorganizing under Chapter 11 bankruptcy.
- An Alitalia flight was safely diverted after a former policeman with schizophrenia attempted a hijacking, claiming to be Al Qaeda and armed only with a TV remote.
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