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 Airlines is committed to cutting $5.2 billion in labor costs to avert bankruptcy, despite mechanics rejecting a pay cut, while flight attendants approved concessions.
- US Airways plans to eliminate an additional 2,500 jobs as part of its cost-cutting efforts during Chapter 11 bankruptcy reorganization.
- An attempted hijacking of an Alitalia flight by a man claiming to be Al Qaeda, later identified as a former policeman with schizophrenia and armed only with a TV remote, was safely resolved without injury.
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