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United Airlines to cut fleet, flights and jobs
Summary from the United Kingdom, from articles in English
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UAL, the parent of United Airlines, America's second-largest airline, today unveiled dramatic job cuts and slashed domestic capacity, as it struggles with rising fuel costs and America's weakening economy. (article 1)
The company said that it would cut capacity on its domestic flights by 14 per cent in the fourth quarter, shedding 100 planes from its fleet. (article 1)
Glen Tilton, the chairman and chief executive, said that high fuel costs meant that the company must act decisively to redefine itself. (article 1)
On Monday the International Air Transport Association forecast that its 230-member airlines faced losses of $2.3 billion ($1.2 billion) this year due to soaring fuel costs. (article 1)
Crude oil futures prices peaked at a record high of $135 a barrel nearly two weeks ago, sending fuel prices rocketing. (article 1)
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Other summaries about this story:
Other stories about Airlines, capacity and flights:
Event tracking:
Story keywords
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Airlines, capacity, flights, United, domestic |
Source articles
- United Airlines announces 1,100 job cuts (business.timesonline.co.uk, 06/04/2008, 210 words)
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blaster@cs.columbia.edu
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