Wed, Jul 14, 2004
Pete McDonald: "We Need To Dig Deeper"
At least two United Airlines
executives say, if their company is ever going to get out of
bankruptcy, it's going to have to make deeper cuts.
"We need to dig deeper on costs and get much more efficient, and
that's become even more important with competitive pressures
increasing and fuel prices as high as they are," Pete McDonald,
United's chief operating officer, said in a recorded telephone
message to employees. The message was quoted in the Chicago
The nation's second-largest airline
is still in shock over the government's third refusal to offer loan
guarantees. Already, United has announced $5 billion in annual
cuts. Now, 19 months into bankruptcy, CEO Glenn Tilton says the
company is going to take a "very hard look at headquarters" to find
Although United hasn't gone back to its unions for more
concessions, some analysts think the company will have to cut down
its pension fund if it's going to survive Chapter 11.
Only Time Will Tell If The Booster Is Truly Reusable On November 23, 2015 Blue Origin achieved a first in rocketry and spaceflight history when their New Shepard launch vehicle suc>[...]
Facility Earmarked For Work On Falcon 8X And Falcon 5X Airplanes Dassault Falcon Jet has completed another major expansion of its Little Rock Completion Center that will add 350,00>[...]
First-Ever Forum Of Its Type Draws Over 800 International Officials Over 800 Ministers and senior officials from States, UN and international organizations have gathered at the Hea>[...]
Kremlin Say There Was No Violation Of Turkish Airspace Tensions between Russia and Turkey, and by extension NATO, escalated Tuesday when a Russian Su-24 was shot down by Turkey aft>[...]
AD NUMBER: 2015-23-06 PRODUCT: Certain Airbus Model A330-200, A330-300, and A340-300 series airplanes.>[...]