It also includes several concessions by the police union, which Nassau and Suffolk may seek from their other unions.
But the airline does not plan to seek pay cuts from its unions as it seeks to save up to $4 billion a year.
The concessions are much less than the $9 billion over six years that United originally sought from its unions, which hold 55 percent of the company's stock.
Pan American has sought a total of about $170 million in annual concessions from its unions.
Northwest, now struggling for relief from its heavy debt payments, is seeking cash and concessions from its unions to save on operating costs.
The cut is part of a mixture of spending and job cuts and savings the Mayor is seeking from the city's municipal unions.
In January 1986, Eastern faced another financial crisis and sought more concessions from its unions.
Mr. Schofield will seek most of these cost reductions from the airline's unions in the form of pay cuts and work rule and organizational changes.
Speaking at a news conference in Miami, he added that the airline would seek $450 million in cost cuts from its three main unions.
Texas Air's chairman, Frank Lorenzo, has been seeking major cost concessions from Eastern's unions, but they so far have resisted.