United's struggles may reshape airline industry

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United's struggles may reshape airline industry
By Dan Reed, USA TODAY

United Airlines is struggling to cut costs and avoid bankruptcy.  United
Airlines (UAL), struggling to slash costs and right itself financially, is
poised to send big changes reverberating through the distressed airline
industry. The world's second-largest airline has been developing a
restructuring plan to help secure a $1.8 billion government-guaranteed
loan. Without the guarantee, Chapter 11 bankruptcy reorganization seems
inevitable. Either way, the airline must cut costs. And either way, its
cost-cutting is going to affect its rivals.

rest of the story with images and graph.......
http://www.usatoday.com/travel/news/2002/2002-11-27-united.htm

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