United Airlines CEO Sees Job Losses
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The head of UAL Corp.'s United  Airlines on Thursday said the airline's restructuring plan  would lead to a significant number of job losses, but it was  not yet clear how many.
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At a time when the airlines are facing their most difficult challenges in recent history, they are running through one chief executive after another.
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As United Airlines faces the possibility of ending its pension plan, thousands of employees and retirees face futures as uncertain as the survival of the world&#39;s second-largest airline.
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United Airlines ran a summer quarter net loss of $274 million on an operating loss of $80 million. Revenues were 7 percent higher than summer of last year but jet fuel costs were up 60 percent.
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United Airlines, increasingly squeezed by discount carriers in the US market, is cutting back its domestic flight schedule and expanding its international presence in the push to become profitable again.
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UAL Corp , parent of No. 2 U.S. carrier United Airlines, on Tuesday posted a quarterly loss on soaring fuel prices as winter weather forced the cancellation of more than 1,100 flights.
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The chief executive of United Airlines  said he expects the carrier to emerge from bankruptcy in the  autumn, the Chicago Tribune reported in its Sunday edition.
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CHICAGO -- United Airlines said Wednesday that it needs to cut more jobs as it works on climbing out of bankruptcy. But the nation&#39;s No.
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United Airlines said it will need to cut more than $1 billion from its annual costs, a much higher figure than previous estimates.
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A "frustrated" chief executive of US Airways Group Inc. told employees yesterday that despite recent assertions from the airline's chairman, the carrier could survive a second bankruptcy filing -- but only with revised labor agreements.
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US Airways chief executive Bruce Lakefield said yesterday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its
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US Airways Group Inc. is proceeding with plans to seek bankruptcy court permission to cut employee pay and benefits, Chief Executive Bruce Lakefield said in a recorded message to workers.
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Executives at the Illinois-based UAL Corp., parent of bankrupt United Airlines, will share airline employees&#39; pain with pay cuts of 4 percent to 8 percent.
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Boeing Co.  suffered a blow with  the exit of top executive Alan Mulally, and may face further  management departures, industry-watchers said on Wednesday, but  the planemaker is seen as staying on track as sales of its  planes boom.
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United Airlines is poised to make more reductions in its work force -- already 40 percent smaller than it was before the 2001 terrorist attacks. The second-biggest US airline confirmed job cuts will be part of its plan to get out of bankruptcy.
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ATLANTA - Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.    But even with those changes - part of a $5 billion cost-saving program - CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September...
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CHICAGO -- United Airlines said yesterday further job cuts will be necessary as it continues slashing costs to get out of bankruptcy.