UPI Related News
CHICAGO, April 12 (UPI) -- A failure to get concessions from three groups of workers has prompted Chicago's United Airlines to try to ground its defined-benefit pension plans.
CHICAGO, April 4 (UPI) -- United Airlines is looking to the booming business and leisure travel markets of Asia as a way to help the carrier recover and exit two years of bankruptcy.
CHICAGO, March 17 (UPI) -- Bankrupt United Airlines, which lost $1.6 billion in 2004, paid its top five executives $1.3 million in bonuses as it cut employee pay and benefits.
CHICAGO, Dec. 13 (UPI) -- Executives at the Illinois-based UAL Corp., parent of bankrupt United Airlines, will share airline employees' pain with pay cuts of 4 percent to 8 percent.
CHICAGO, Oct. 6 (UPI) -- United Airlines plans to sharply cut its U.S. capacity by the end of 2005 and focus on more profitable overseas destinations.
ELK GROVE VILLAGE, Ill., Aug. 4 (UPI) -- The UAL Corp. wants a federal bankruptcy judge in Chicago to temporarily suspend action on lawsuits filed by machinists over United Airlines' pension funds.
ELK GROVE VILLAGE, Ill., July 28 (UPI) -- United Airlines CEO Glenn Tilton says the bankrupt carrier will discuss any halt in pension plan contributions with the airline's unions and shareholders.
ELK GROVE VILLAGE, Ill., July 27 (UPI) -- The Pension Benefit Guarantee Corp., which oversees pension funds of bankrupt companies, says United Airlines should keep funding its employee pension funds.
WASHINGTON, June 17 (UPI) -- United Airlines officials met in Washington to discuss last-minute concessions to acquire a federal bail-out, the Financial Times reported Thursday.
CHICAGO, May 29 (UPI) -- UAL Corp., parent of bankrupt United Airlines, posted a net loss of $375 million in April because of SARS and war in Iraq.