(not an article)
UAL will ask it's workers for a wage cut as it reports a loss of $510 million in Q1. Last year, it reported a loss of $313 million in the Q.
UAL, the last of the 7 major airlines to report, means that the total cumulative Q1 losses exceed $2 billion.
Southwest Airlines reported a profit of $21 million.
Jake Brace, United chief financial officer, said on Friday he expected another "significant loss" in the second quarter and said the airline would also lose money in the full-year.
Recovery is being undermined by fare wars. Mr Brace, UAL's CFO said that unions must be willing to have a "shared sacrifice".
Costs fell 17%, but revenue fell 25% to $3.3 billion. Mr Brace did not comment on whether UAL would follow US Airways in applying for a state guranteed loan. Analysts took it as a clear signal of intent. "United expects to apply for the government loan programme," said Brian Harris at Salomon Smith Barney.
More information at the Financial Times website
United Airlines is a member of the Star Alliance - The Airline Network For Earth