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 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 to develop a reorganization plan without interference  from creditors.
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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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MAN UNITED&#39;S share price has fallen by just over 2.5%, less than expected after the resignation of Malcolm Glazer&#39;s bankers JP Morgan.
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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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ALEXANDRIA, Va.  - US Airways Group Inc. probably  will need more cost cuts or a boost in revenue to attract the  $250 million in equity it says it needs to leave bankruptcy  next year, the company said on Thursday.
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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 parent UAL Corp. will  need about $500 million more in annual cost cuts above the $655  million in the works now as well as pension cost savings to  emerge from bankruptcy, the carrier said on Friday.
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United Airlines (UALAQ.OB: Quote, Profile, Research) , which is trying to save $725 million a year, has offered its pilots two ways to cut their salaries, the New York Times reported on Tuesday.
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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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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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UAL Corp., parent of United Airlines, announced Wednesday it plans to slash the number of domestic flights and increase its more profitable international schedule, while at the same reducing the size of its fleet.
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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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CHICAGO United Airlines says it will 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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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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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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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.