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Anyone have details on what these are?
Everyone is always in a hurry to talk about the new routes, but seem to
hide the schedule reductions!
Matthew
On 6-Oct-04, at 3:16 PM, Bill Hough wrote:
> =20
> ----------------------------------------------------------------------
> This article was sent to you by someone who found it on SFGate.
> The original article can be found on SFGate.com here:
> http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2004/
> 10/06/f=
> inancial0844EDT0030.DTL
> ---------------------------------------------------------------------
> Wednesday, October 6, 2004 (AP)
> United Airlines announces domestic service cuts, fleet reduction
> HERBERT G. McCANN, AP Business Writer
>
>
> (10-06) 06:20 PDT CHICAGO (AP) --
> As part of its bid to emerge from bankruptcy, United Airlines will
> slash
> its number of domestic flights and reduce the size of its fleet while
> increasing its more profitable international schedule, officials said
> Wednesday.
> "Fundamental changes in our industry, including ongoing high fuel
> costs,
> intense pricing pressure and continuing overcapacity, demand that we
> take
> aggressive steps now," said Glenn Tilton, chief executive of United's
> parent, UAL Corp.
> The airline said that by March 2005, it will increase the number of
> international flights by 14 percent and reduce its domestic flight
> schedule by 12 percent, shifting some of them to United Express.
> Despite slashing labor expenses last year by more than $2.5 billion
> annually, United seeks more than $1 billion in additional cutbacks and
> wants to dump pensions in order to attract financing to get out of
> bankruptcy -- a restructuring now in its 23rd month.
> Like other major U.S. airlines, the Elk Grove Village, Ill.-based
> carrier
> is struggling amid an unprecedented slump that has worsened this year
> because of soaring jet-fuel prices and deepening discount competition.
> The airline said it plans to reduce the fleet to 455 aircraft, 68
> fewer
> than it flew in August. The airline has reduced its fleet by 112
> aircraft,
> or nearly 20 percent, since 2002.
> Tilton said that despite the reduction in domestic flights, United
> will
> continue to operate its five hubs in Chicago, Denver, Washington
> Dulles,
> San Francisco and Los Angeles.
> He said the airline is on pace to achieve $5 billion in "annual
> costs
> improvements by 2005."
>
> ----------------------------------------------------------------------
> Copyright 2004 AP
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Anyone have details on what these are?
Everyone is always in a hurry to talk about the new routes, but seem
to hide the schedule reductions!
Matthew
<bold> </bold>
On 6-Oct-04, at 3:16 PM, Bill Hough wrote:
<excerpt>=20
----------------------------------------------------------------------
This article was sent to you by someone who found it on SFGate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2004/10/06/f=
inancial0844EDT0030.DTL
---------------------------------------------------------------------
Wednesday, October 6, 2004 (AP)
United Airlines announces domestic service cuts, fleet reduction
HERBERT G. McCANN, AP Business Writer
(10-06) 06:20 PDT CHICAGO (AP) --
As part of its bid to emerge from bankruptcy, United Airlines will
slash
its number of domestic flights and reduce the size of its fleet while
increasing its more profitable international schedule, officials said
Wednesday.
"Fundamental changes in our industry, including ongoing high fuel
costs,
intense pricing pressure and continuing overcapacity, demand that we
take
aggressive steps now," said Glenn Tilton, chief executive of United's
parent, UAL Corp.
The airline said that by March 2005, it will increase the number of
international flights by 14 percent and reduce its domestic flight
schedule by 12 percent, shifting some of them to United Express.
Despite slashing labor expenses last year by more than $2.5 billion
annually, United seeks more than $1 billion in additional cutbacks and
wants to dump pensions in order to attract financing to get out of
bankruptcy -- a restructuring now in its 23rd month.
Like other major U.S. airlines, the Elk Grove Village, Ill.-based
carrier
is struggling amid an unprecedented slump that has worsened this year
because of soaring jet-fuel prices and deepening discount competition.
The airline said it plans to reduce the fleet to 455 aircraft, 68
fewer
than it flew in August. The airline has reduced its fleet by 112
aircraft,
or nearly 20 percent, since 2002.
Tilton said that despite the reduction in domestic flights, United
will
continue to operate its five hubs in Chicago, Denver, Washington
Dulles,
San Francisco and Los Angeles.
He said the airline is on pace to achieve $5 billion in "annual
costs
improvements by 2005."
----------------------------------------------------------------------
Copyright 2004 AP
</excerpt>
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