U.S. Airways

Pilots at US Airways voted to approve a five-year, cost-cutting contract that will reduce their pay 18%. Eighty-nine percent of the 3,291 eligible pilots cast ballots, with 58% voting in favor of the agreement. The contract also reduces pension benefits, eliminates retiree medical coverage, and increases the number of hours pilots must fly each month. It is estimated the pact will save the airline $1.8 billion over five years.