More Cuts Coming At United | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.10.24

Airborne-NextGen-06.11.24

Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

Wed, Jul 14, 2004

More Cuts Coming At United

Pete McDonald: "We Need To Dig Deeper"

At least two United Airlines executives say, if their company is ever going to get out of bankruptcy, it's going to have to make deeper cuts.

"We need to dig deeper on costs and get much more efficient, and that's become even more important with competitive pressures increasing and fuel prices as high as they are," Pete McDonald, United's chief operating officer, said in a recorded telephone message to employees. The message was quoted in the Chicago Tribune.

The nation's second-largest airline is still in shock over the government's third refusal to offer loan guarantees. Already, United has announced $5 billion in annual cuts. Now, 19 months into bankruptcy, CEO Glenn Tilton says the company is going to take a "very hard look at headquarters" to find more cuts.

Although United hasn't gone back to its unions for more concessions, some analysts think the company will have to cut down its pension fund if it's going to survive Chapter 11.

FMI: www.ual.com

Advertisement

More News

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Aero-News: Quote of the Day (06.12.24)

“The legislation now includes a task force with industry representation ensuring that we have a seat at the table and our voice will be heard as conversations about the futur>[...]

ANN's Daily Aero-Linx (06.12.24)

Aero Linx: Waco Museum The WACO Historical Society, in addition to preserving aviation's past, is also dedicated and actively works to nurture aviation's future through its Learnin>[...]

ANN's Daily Aero-Term (06.12.24): Adcock Range

Adcock Range National low-frequency radio navigation system (c.1930-c.1950) replaced by an omnirange (VOR) system. It consisted of four segmented quadrants broadcasting Morse Code >[...]

Airborne Affordable Flyers 06.06.24: 200th ALTO, Rotax SB, Risen 916iSV

Also: uAvionix AV-Link, Does Simming Make Better Pilots?, World Games, AMA National Fun Fly Czech sportplane manufacturer Direct Fly has finished delivering its 200th ALTO NG, the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC