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Last Updated: Wednesday, 14 June 2006, 21:38 GMT 22:38 UK
United Airlines to axe 1,000 jobs
United Airline attendants
United has already slashed 20,000 jobs over the past three years
United Airlines plans to slash at least 1,000 jobs by the end of 2006 as part of a $400m (217m) cost-cutting drive.

The company, which emerged from bankruptcy earlier this year, said the move should save $100m.

As well as shedding the jobs, the group will also shake up its operations and reduce its marketing spend.

The group has already axed 20,000 jobs and cut costs by $7bn as it struggled out of bankruptcy, but last month said its costs were still too high.

Second quarter

United has complained that rising oil prices are still hitting its bottom line.

Chief executive Glenn Tilton announced the plan to cut 2% of the group's salaried workforce at an analysts' conference in New York.

"We're going to reduce our costs further, we're going to take full advantage of the network that we have preserved to optimise our revenue," he said.

Mr Tilton said the group's performance during the second quarter of the year had been "better than expected" but declined to give any details.


SEE ALSO
Losses spiral at United Airlines
27 Jan 06 |  Business
United released from bankruptcy
20 Jan 06 |  Business
United's quarterly losses double
12 May 05 |  Business
US airlines seek foreign capital
03 Nov 05 |  Business

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