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 -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.31.15

Airborne 09.01.15

Airborne 09.02.15

Airborne 09.03.15

Airborne 08.28.15

Airborne Hi-Def On YouTube

Airborne 08.31.15

Airborne 09.01.15

Airborne 09.02.15

Airborne 09.03.15

Airborne 08.28.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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

Parsing The Model Aircraft Advisory Circular

Attorney Jonathan Rupprecht Finds Several Issues With The FAA's New AC On August 10, 2014 FAA accidentally canceled AC 91-57, which had been around for a little more than 34 years.>[...]

Rockwell Collins Debuts Pro Line Fusion For Commercial Helicopters

Avionics On Display At The China Helicopter Exposition Following integration into 20 aircraft ranging from business jets to military flight decks, Rockwell Collins will unveil Pro >[...]

Airborne 09.03.15: Falcon 9 Delayed, UAV 'Favor' Fined, Impounded In The UK

Also: Rob Holland's Gold, API: Innovative Aviation Content, Master Instructors, Wallops' New Launch Command Ctr, Webb Space Telescope, Satellite Broadband Network, Another FAA Fine>[...]

AeroSports Update: Cubs Vs Champs

In The Lee Bottom Flying Field Event Contest, Piper Cubs Win The First Round Of The Champs Vs Cubs Challenge Lee Bottom Flying Field, an airport favored by grassroots aviators, wil>[...]

AD: Vulcanair S.p.A. Airplanes

AD NUMBER: 2015-18-01 PRODUCT: Vulcanair S.p.A. Model P.68R airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC