More Cuts Coming At United | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.25.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.25.14 **
** Airborne 07.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.23.14 **
** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **

Wed, Jul 14, 2004

More Cuts Coming At United

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 Tribune.

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 more cuts.

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.

FMI: www.ual.com

Advertisement

More News

It's Turbo Time! AeroVee Turbo Orders Now Accepted

Will Offer Significant Performance Boost For Sonex Aircraft Sonex Aircraft announced at a press and customer briefing Sunday morning that orders are now being accepted for the long>[...]

There's A New Light Sport Amphib Coming To The Block

MVP.Aero Introduces What It Calls The Worlds 'Most Versatile Plane' A new sport plane that is designed to operate from runways, water, and snow and ice was introduced Sunday aftern>[...]

Historic OSH2014 Sponsor: Bendix-King by Honeywell

OSH2014 Sponsor: Bendix-King by Honeywell The history of the Bendix name runs parallel to the development of King Radio until the mid-1980s, when the Allied Corporation purchased B>[...]

Revolutionary OSH2014 Sponsor -- Aviation Modifications Leaders

Aviation Modifications Leaders -- Unique Solutions For Critical Applications During two decades of designing, engineering and installation of Satcom systems with Honeywell (Allied >[...]

OSH2014 Sponsor: 'Super-App' ForeFlight

LONG-TIME ANN Sponsor, ForeFlight, Provides GREAT Guidance For Oshkosh 2014! ForeFlight was founded in 2007 by aviation entrepreneurs who set out to build elegant, high-performing >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC