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Joined: Sun Oct 31, 1999 11:43 pm

United Announces Plans To Reduce Worldwide

Sun Sep 16, 2001 10:44 pm

CHICAGO, Sept. 15 /PRNewswire/ -- United Airlines (NYSE: UAL) announced
today that it is reducing its worldwide schedule by 20 percent based on
systemwide available seat miles. The reduction is in direct response to the
current and anticipated adverse impact on air travel due to Tuesday's
terrorist attack. A reduced schedule should minimize delays and customer
inconvenience that may occur because of the new security procedures.
"We continue to focus on meeting the needs of the families of customers
and employees who were victimized in these terrible events," said Jim Goodwin,
chairman and chief executive officer of United parent UAL Corp.
"We also must face the economic reality of the impact on our industry and
our company," commented Goodwin. "The United States' economy relies heavily
on the stability of the air travel industry, and it's important that we
continue to focus on actions to ensure the financial security of our company.
For this reason, we feel it is important that the administration and
congressional leadership continue to work collaboratively with the industry to
seek solutions to achieve the ongoing viability of the industry."
Before Tuesday, United Airlines offered nearly 2,400 flights a day to
130 destinations in 27 countries and two U.S. territories. United will
announce details of its plans as they become available.

Michael SFO

United Airline
Posts: 8773
Joined: Wed Jan 10, 2001 5:24 pm

RE: United Announces Plans To Reduce Worldwide

Sun Sep 16, 2001 10:48 pm

This is a response to the Economic Downturn I would say.

After the Economy picks up, I am sure they will start to grow again.