Air Transport World

US Airways sees some progress but time is running out.(Brief Article)

US Airways was making slow but steady progress toward achieving the cost goals outlined in its second bankruptcy filing but the question is whether time will run out with oil topping $52 a barrel. The carrier reached a tentative agreement with its pilots covering $300 million in new concessions, and three small workgroups are also onboard. If ratified, the pilot agreement will result in a 17.4% cut in pilot pay, establishing "senior captain A320 rates 4% below JetBlue and 737 rates 19% below Southwest Airlines," according to JP Morgan analyst Jamie Baker.

But the airline's flight attendants, mechanics and customer-contact employees at this writing had refused requests for more givebacks. …

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