NYTimes.com Article: Mesa Air Seeks Pay Cuts

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

 



This article from NYTimes.com
has been sent to you by psa188@juno.com.



Mesa Air Seeks Pay Cuts

December 11, 2002


By BLOOMBERG NEWS






PHOENIX, Dec. 10 - The Mesa Air Group, a provider of
commuter flights for airlines including the US Airways
Group, asked workers to take a voluntary 5 percent,
one-year pay cut in exchange for bonuses if the company
earns a profit.

Salary next year will also be frozen for managers, while
the company's chief executive, president and executive vice
president will each take a 20 percent salary cut, Mesa
said. The voluntary program for the rest of its 3,300
employees is similar to one Mesa used after the Sept. 11,
2001, terrorist attacks.

Mesa, which is based in Phoenix, had a net loss of $9.3
million, or 28 cents a share, in the fiscal year that ended
Sept. 30.

Mesa declined to say how much it expected to save with the
pay-cut program. About half the airline's workers are
members of unions, which declined to take part in the
previous voluntary program.

http://www.nytimes.com/2002/12/11/business/11MESA.html?ex=1040620764&ei=1&en=e9f1d40c109781f8



HOW TO ADVERTISE
---------------------------------
For information on advertising in e-mail newsletters
or other creative advertising opportunities with The
New York Times on the Web, please contact
onlinesales@nytimes.com or visit our online media
kit at http://www.nytimes.com/adinfo

For general information about NYTimes.com, write to
help@nytimes.com.

Copyright 2002 The New York Times Company

[Index of Archives]         [NTSB]     [NASA KSC]     [Yosemite]     [Steve's Art]     [Deep Creek Hot Springs]     [NTSB]     [STB]     [Share Photos]     [Yosemite Campsites]