United Says It Needs $2 Bln More in Cost Cuts
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United Airlines, trying to revamp its  business after nearly two years in bankruptcy, has told its  unions it must terminate and replace their pensions as part of  its drive to cut costs by an additional $2 billion a year.
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United Airlines says it&#39;ll need even more labor cuts than anticipated to get out of bankruptcy. United told a bankruptcy court judge in Chicago today that it intends to start talks with unions next month on a new round of cost savings.
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United Airlines on Friday said it will need about USD$500 million in annual cost cuts above the USD$655 million now in the works and also received court approval for more time to develop a reorganization plan without interference from creditors.
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Many United Airlines employees face a dimmer career outlook after learning the airline proposes wage cuts, job cuts and pension terminations to help pare $2 billion from annual costs.
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United Airlines&#39; parent company posted a $274 million third-quarter loss and reiterated its need to slash labor costs. The company said that in the fourth quarter it may not be able to comply with a covenant
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UAL Corp.UALAQ.OB, the bankrupt  parent of United Airlines, on Wednesday said it would reduce  U.S. flights and increase capacity on more lucrative  international routes, in keeping with its aggressive  cost-cutting efforts.
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UAL Corp.&#39;s United Airlines said Friday it is following through on its plan to cut $2 billion in costs by cutting back domestic flights and non-union salaries.
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Officials at the nation&#39;s No. 2 air carrier, United Airlines, say their are rapidly moving ahead with restructuring their system, which includes building their hubs while cutting back on other domestic service.
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United Airlines on Friday said it will need about $500 million in annual cost cuts above the $655 million now in the works and also received court approval for more time
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US Airways Group Inc. probably will need more cost cuts or a boost in revenue to attract the &#36;250 million in equity it says it needs to leave bankruptcy next year, the company said on Thursday.
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United Airlines&#39; parent company, UAL Corp., said Wednesday it&#39;s airline will reduce US flights and focus more attention on more profitable international flights.
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In CHICAGO story headlined &quot;UPDATE 1-United Airlines seeks $500 mln more in cost cuts&quot; please read in paragraph 4 ... The $500 million figure would be over and above savings realized if United terminates and replaces its pension funds ... instead of .
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CHICAGO â The UAL Corporation, the parent of United Airlines, reported a quarterly loss on Tuesday, caused by fuel costs and economic weakness in the industry.
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An expert says the agreement probably will make it easier to reach cost-cutting deals with the ailing carrierâs other unions. United Airlines is making headway in its efforts to trim labor costs by $725
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Struggling US Airways (UAIR) has asked its pilots to accept a 16.5% pay cut while giving them the chance to recoup some of the money by flying more.
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UAL Corp , parent of United Airlines, said on Friday it has increased its domestic fuel surcharge, bringing the total to $25 each way on all domestic routes.
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UAL Corp., the bankrupt parent of United Airlines, Wednesday said it would cut back on US flights and increase its capacity on more lucrative international routes.