Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

Wednesday, 14 June 2006, 21:38 GMT 22:38 UK

United Airlines to axe 1,000 jobs

United Airline attendants 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.



E-mail this to a friend
Related to this story:
Losses spiral at United Airlines (27 Jan 06 |  Business )
United released from bankruptcy (20 Jan 06 |  Business )
Setbacks and success for world airlines (02 Jan 06 |  Business )
United's quarterly losses double (12 May 05 |  Business )
US airlines seek foreign capital (03 Nov 05 |  Business )

RELATED INTERNET LINKS
UAL Corp
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©