22 Jul
United Cuts 7,000 Jobs
UAL Corp.’s United Airlines, the world’s second-largest carrier, said it will cut 7,000 jobs after record fuel costs pushed the company to a quarterly loss of $2.73 billion. UAL’s results pushed the collective deficit among the three biggest U.S. carriers to $5.22 billion, following last week’s losses by AMR Corp.’s American Airlines and Delta Air Lines Inc. United’s jet-fuel expense climbed 53 percent from a year earlier to $1.85 billion, outpacing fare increases and new fees. More
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