United to cut fuel costs, fleetPacific Business News (Honolulu)

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United to cut fuel costs, fleet
Pacific Business News (Honolulu)
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United Airlines said Tuesday it will ground 15 to 20 older, less fuel-efficient airplanes from its fleet and may reduce capacity because of rising oil prices. 
Fuel costs, the airline's largest expense, could increase to more than $1 billion this year, it said. Every $1 increase in the price of a barrel of oil boosts United's costs by about $60 million. 
Chicago-based United, a subsidiary of UAL Corp., said it is looking to further reduce other costs and is reviewing nonaircraft capital spending. 

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