United to Cut U.S. Flights
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UAL Corp., 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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US Airways announced plans Tuesday to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union
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United Airlines said yesterday that further job cuts will be necessary as it continues slashing costs in order to get out of bankruptcy.
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Delta Air Lines Inc., the No. 3 U.S.  carrier which has been restructuring in efforts to avoid a  bankruptcy filing, is expected to slash fares and remove  restrictive rules such as Saturday-night stays, Time magazine  reported in its online edition on Sunday.
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United Airlines plans to slash the number of its domestic flights and increase its more profitable international schedule, while at the same reducing the size of its fleet.
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British Airways  said on Wednesday it would suspend its daily flight between Detroit and London Heathrow in March, citing the changing nature of the U.S. auto industry.
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United Airlines parent UAL (UALAQ:OTC BB - news - research) set plans to cut nonunion workers&#39; pay as part of an effort to slash costs and emerge from bankruptcy protection.
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Southwest Airlines Inc. (LUV.N: Quote, Profile, Research) , the largest US discount carrier, on Monday said it will eliminate 88 scheduled flights in order to boost revenue by freeing up planes for more lucrative markets.
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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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United Airlines will decrease capacity on about 30 routes from Denver as it reduces US flight capacity by 14 percent and adds international flights to focus on more profitable routes.
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Federal officials announced an agreement Wednesday to ease congestion at O&#39;Hare International Airport by temporarily cutting 37 daily peak-hour arrivals by United Airlines and American Airlines, its two largest carriers.
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US Airways Group Inc. plans to eliminate &quot;hundreds&quot; of management and nonunion jobs and cut top executives&#39; pay by between 5 and 10 percent, the airline told its employees yesterday.
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CHICAGO -- United Airlines has notified a bankruptcy judge it needs to cut $500 million US more in costs than previously stated. The disclosure was made in a filing intended to update the judge before a hearing yesterday on the airline&#39;s status.
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Federal officials today announced plans to temporarily cut 37 flights operating at Chicago's O'Hare International Airport to help reduce the delay problems that ripple across the country.
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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., the bankrupt parent of United Airlines, announced Wednesday plans to cut domestic flights by 12 percent, while increasing more profitable international schedules by 14 percent.
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Airlines operating at Chicago&#39;s O&#39;Hare International Airport have agreed to cut flights to reduce delays that ripple across the country, sources familiar with the talks said yesterday.