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.
Also: Blue Origin, Flying Cucumber?, BBJ Combi, NetJets Partners w/Ohio State, ExIm Helo Deal, Long-Range Navy UAS Obviously, the stunt pulled by Douglas Hughes of Ruskin, Florida >[...]
"Scientific literature is filled with papers on the characteristics of Pluto and its moons from ground based and Earth orbiting space observations, but we’ve never studied Pl>[...]
Air Navigation Facility Any facility used in, available for use in, or designed for use in, aid of air navigation, including landing areas, lights, any apparatus or equipment for d>[...]
Company Has Special Focus On Pilgrimage Tours In an acceptance ceremony held today in Marignane, India’s Heritage Aviation received two H125 helicopters acquired for charter >[...]
Quarter-Million Dollar Investment To Help Restore Historic Chappelle Auditorium Boeing has presented a $250,000 grant for Allen University to support the restoration of an historic>[...]