A DAY AFTER ANNOUNCING A huge third-quarter loss on Oct. 24, USAir called on former Virginia Governor Gerald Baliles to salvage labor negotiations. Cost-cutting talks with the carrier's powerful pilots' union had broken off two weeks ago, after USAir announced plans to reduce its fleet. Now, both sides will sit down with Baliles to pursue an agreement that the airline hopes will cut $500 million in labor costs. Such a deal is vital if USAir, which lost $363 million in the first nine months of the year, is to skirt Chapter 11. The airline says it lost about $40 million in revenue from lost bookings in the third quarter following two deadly crashes.

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