January 21, 2009

United Airlines to lay off 1,000 more

Filed under: aviation,transportation,US — 7macaw @ 8:19 am
Tags: , ,

United Airlines parent UAL Corp. said its quarterly net loss widened to $1.3 billion as the third-largest U.S. carrier paid above-market rates for fuel after incorrectly betting prices would rise. United said it would cut 1,000 additional jobs.

United’s decision to cut additional management and salaried jobs reflects efforts by carriers to control costs and conserve cash as demand declines in the recession. The airline last year said it would eliminate 6,500 unionized positions and 1,500 management and salaried jobs by the end of 2009.

Source: Bloomberg

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