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-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

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-Linx (05.02.24)

Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]

ANN's Daily Aero-Term (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

NTSB Final Report: Cirrus Design Corp SR20

Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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