UA reducerer flyflåden - men øger internationale ruter
fra money.cnn.com
NEW YORK (Reuters) - UAL Corp., the bankrupt parent of United Airlines, said Wednesday it will reduce U.S. flights and increase capacity on more lucrative international routes, in keeping with its aggressive cost-cutting efforts.
The second largest U.S. carrier also said it plans to reduce its mainline fleet to 455 aircraft by next March, 68 fewer than it flew in August 2004 and a reduction of 112, or nearly 20 percent, since 2002.
It said it would increase international capacity by 14 percent and cut mainline domestic capacity by 12 percent.
"Our strategy has been to continually align our fleet size and deployment with market conditions, which are brutally competitive," Glenn Tilton, UAL chairman and chief executive officer, said in a statement.
The Elk Grove Village, Ill.-based company said it is on track to achieve $5 billion in annual cost savings by 2005. It is targeting more than $1 billion in additional annual savings.
United, hit by high fuel prices and weak fares due to tough competition, is trying to restructure, cut costs and attract financing that would help it exit bankruptcy.
The airline lost $56 million in August, including $11 million in
fra money.cnn.com
NEW YORK (Reuters) - UAL Corp., the bankrupt parent of United Airlines, said Wednesday it will reduce U.S. flights and increase capacity on more lucrative international routes, in keeping with its aggressive cost-cutting efforts.
The second largest U.S. carrier also said it plans to reduce its mainline fleet to 455 aircraft by next March, 68 fewer than it flew in August 2004 and a reduction of 112, or nearly 20 percent, since 2002.
It said it would increase international capacity by 14 percent and cut mainline domestic capacity by 12 percent.
"Our strategy has been to continually align our fleet size and deployment with market conditions, which are brutally competitive," Glenn Tilton, UAL chairman and chief executive officer, said in a statement.
The Elk Grove Village, Ill.-based company said it is on track to achieve $5 billion in annual cost savings by 2005. It is targeting more than $1 billion in additional annual savings.
United, hit by high fuel prices and weak fares due to tough competition, is trying to restructure, cut costs and attract financing that would help it exit bankruptcy.
The airline lost $56 million in August, including $11 million in
