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 04.14.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.14.14 **
** Airborne 04.11.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.11.14 **
** Airborne 04.09.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.09.14 **

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

Airborne 04.14.14: Google Buys Titan, Diesel Archer, C4 Avionics

Also: Scorpion's 1st 50 Hours,Pilatus Sales Record, Classic Aero-TV: Ballooning, XCOR Progress Update, Another TSA Screw-Up Just as we were tucking this episode of Airborne away, w>[...]

Airborne 04.11.14: Lear 85 Flies, FAA v UAVs-Again, CAMA Demands Med Oversight

Also: Mooney Rebirth, Barnstorming: Lessons From Lakeland, Another Airport Under Attack By NIMBY Politico, Solar Impulse2! The Learjet 85 aircraft has successfully completed its fi>[...]

Airborne 04.14.14: Google Buys Titan, Diesel Archer, C4 Avionics

Also: Scorpion's 1st 50 Hours,Pilatus Sales Record, Classic Aero-TV: Ballooning, XCOR Progress Update, Another TSA Screw-Up Just as we were tucking this episode of Airborne away, w>[...]

Aero-News: Quote Of The Day (04.15.14)

"I have to admit I had a few tears in my eyes. It was so close." Source: Red Bull Air Race Pilot Hannes Arch.>[...]

ANN's Daily Aero-Linx (04.15.14)

The National Warplane Museum Founded in 1994, the 1941 Historical Aircraft Group Museum, now known as the National Warplane Museum, is dedicated to the restoration, preservation, d>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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