UAL: More Furloughs Coming | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

 Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Wed, May 26, 2004

UAL: More Furloughs Coming

Blame Skyrocketing Fuel Prices

It's the sort of proof no one was hoping for -- an indication that skyrocketing fuel prices are cutting into the commercial airline business. It's sort of like kicking a man when he's down (or just getting up).

United Airlines says it may have to lay off more employees because of increased fuel costs. The bankrupt carrier's chief operating officer, Pete McDonald, said "there's always a potential," when asked whether the higher prices for fuel would result in lay offs.

Speaking at an event for United's spinoff airline, Ted, McDonald compared the spike in fuel costs with the 9/11 attacks and last year's SARS epidemic.

"It's got the same effect on us," he said.

United's parent company, UAL Corp., filed documents in federal court Friday indicating the airline isn't currently hedging fuel prices. United predicts it will spend $750 million on fuel this year alone.

That echoes the warnings of analysts who say the industry's fledgling recovery could be all but erased by the fuel price spike.

FMI: www.ual.com

Advertisement

More News

ANN's Daily Aero-Term (04.30.24): Runway Centerline Lighting

Runway Centerline Lighting Flush centerline lights spaced at 50-foot intervals beginning 75 feet from the landing threshold and extending to within 75 feet of the opposite end of t>[...]

ANN's Daily Aero-Linx (04.30.24)

Aero Linx: Air Force Global Strike Command Air Force Global Strike Command, activated August 7, 2009, is a major command with headquarters at Barksdale Air Force Base, Louisiana, i>[...]

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]

Airborne 04.29.24: EAA B-25 Rides, Textron 2024, G700 Deliveries

Also: USCG Retires MH-65 Dolphins, Irish Aviation Authority, NATCA Warns FAA, Diamond DA42 AD This summer, history enthusiasts will have a unique opportunity to experience World Wa>[...]

Airborne-NextGen 04.23.24: UAVOS UVH 170, magni650 Engine, World eVTOL Directory

Also: Moya Delivery Drone, USMC Drone Pilot, Inversion RAY Reentry Vehicle, RapidFlight UAVOS has recently achieved a significant milestone in public safety and emergency services >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

Airborne-NextGen 04.30.24: Skydweller Flies, Cassio 330, UAV Design Competition

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC