United Airlines announces service cuts, fleet reduction
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ELK GROVE VILLAGE, Ill. United Airlines&#39; parent company plans to slash the number of its domestic flights and increase its more profitable international schedule.
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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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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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United Airlines said on  Wednesday it  would cut 12 percent of available seats on U.S. flights and  increase capacity on more lucrative international routes by 14  percent as part of its aggressive cost-cutting campaign to  emerge from bankruptcy.
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UAL Corp.&#39;s United Airlines, the world&#39;s second-largest carrier and Denver&#39;s dominant airline, plans job cuts and other cost reductions totaling $655 million, a 4.8 percent increase
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US Airways UAIRQ.OB said on  Saturday it has no current plans to reduce its fleet of  aircraft, disputing postings on the Internet that the bankrupt  carrier has put planes up for sale.
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United Airlines said on Wednesday it would reduce US flights and increase capacity on more lucrative international routes as part of its aggressive cost-cutting campaign to emerge from bankruptcy.
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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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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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United Airlines, which is struggling to emerge from bankruptcy protection, said on Wednesday that it would cut 68 airplanes from its fleet, shift more responsibility
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Delta Air Lines Inc. DAL.N, 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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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., 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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Flight reductions announced Wednesday by 16 major airlines serving ChicagoâsOâHare International Airport are expected to improve nationwide on-time performance but
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UAL Corp. (UALAQ.OB: Quote, Profile, Research) , the bankrupt parent of United Airlines, on Wednesday said it would reduce US flights and increase capacity on more lucrative international
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United Airlines is moving to obtain another $725 million in labor concessions and eliminate employees' traditional pensions as it seeks the financing to come out of bankruptcy.