United Aims for Another $500M in Cuts
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CHICAGO Sept. 17, 2004 - Struggling to put together a new bankruptcy exit plan, United Airlines said Friday it is in talks with its unions about the need for an additional $500 million in cost cuts.
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Continental Airlines said Thursday it is seeking $500 million more in cuts in wages and benefit reductions. The company said the move is necessary - on top of more than $1.1 billion in
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UAL Corp. (UALAQ.OB: Quote, Profile, Research) on Monday announced new cuts in employees&#39; salaries as the parent of United Airlines looks to make $112 million in annual savings and emerge from bankruptcy protection.
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United Airlines, the bankrupt carrier, on Tuesday made its first progress in efforts to achieve a second round of labour cost cuts when it said it had reached a tentative agreement
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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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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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CHICAGO United Airlines has revealed it needs to cut 500 (m) million dollars more in costs than previously stated. The disclosure, filed yesterday, was not mentioned during a previously scheduled hearing this
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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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UAL Corp., the bankrupt parent of United Airlines, said Wednesday it will reduce US flights and increase capacity on more lucrative international routes, in keeping with its aggressive cost-cutting efforts.
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UAL Corp. UALAQ.OB on Monday  announced new cuts in employees' salaries as the parent of  United Airlines looks to make $112 million in annual savings  and emerge from bankruptcy protection.
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CHICAGO _ Calling its financial condition &quot;sobering,&quot; United Airlines said Friday that it will seek substantially more cost cuts than previously announced to help the carrier emerge from bankruptcy.
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UAL Corp. said it will reduce the overall size of United Airlines&#39; fleet and shift more aircraft to serve international routes, which are more profitable.
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United Airlines, denied federal money to help it emerge from bankruptcy and squeezed for cash, plans at least $625 million in cost cutting, top company officials told employees.
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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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United Airlines warned yesterday that it would need to cut a further $2 billion from its annual costs in an effort to return the airline to profitability and attract external financing to exit bankruptcy.
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US Airways Group and Delta Air Lines are both looking to their executive ranks in their latest round of cost cuts.
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United Airlines, trying to restructure after nearly two years in bankruptcy protection, told its unions last night that it wanted to terminate its four pension plans and seek additional