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 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **

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

ANN's Daily Aero-Linx (11.26.14)

FAA Aviation Safety Information Analysis And Sharing System (ASIAS) The Federal Aviation Administration (FAA) promotes the open exchange of safety information in order to continuou>[...]

ANN's Daily Aero-Term (11.26.14): Density Altitude

Pressure altitude corrected for nonstandard temperature. Density altitude is used in computing the performance of an aircraft and its engines.>[...]

Aero-News: Quote Of The Day (11.26.14)

“We hope to never see an event like this again, but, we must be prepared." Source: FAA Administrator Michael Huerta, on the release of the agency's 30 report on the fire at t>[...]

ANN FAQ: It's Alive! ANN REALTIME NewsBug Headlines for YOUR Desktop!

It's For Real! ANN REALTIME NewsBug Released To ANN Readers, Worldwide For those of you using a windows PC (MAC version in the works... we promise), a new REALTIME News Service fro>[...]

Helicopters Still Flying Tourists Over Hudson River

But Activists Continue To Call For A Ban On The Flights A group of activists in New York and New Jersey are still working to have sightseeing flights over New York City and the Hud>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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