1.
U.S. markets recover from steep losses
CHICAGO, June 23 (UPI) -- United Airlines is planning to cut 950 pilot positions as it reduces flights and grounds planes to increase efficiency, sources close to the company said.
The airline notified pilots Monday that it would send furlough notices in September, Crain's Business Journal reported.
To achieve that many cuts, the airline will send out roughly 1,450 furlough notices, because many pilots are on military leave from the airline or have other commitments, Crain's reported.
The reduction is part of a 22 percent cutback in fleet size the airline is enacting to shed its least fuel-efficient planes, mostly Boeing 737s, Crain's reported.
United has already said it would trim 1,500 white-collar jobs and trim domestic flight capacity by 14 percent.
The pilot's union is negotiating with United to reduce the number of cuts, the report said.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
