The No. 2 U.S. carrier also said it plans to reduce its mainline fleet to 455 aircraft by next March, 68 fewer than it flew in August 2004 and a reduction of 112, or nearly 20 percent, since 2002.
It said it would increase international capacity by 14 percent and cut mainline domestic capacity by 12 percent.
"Our strategy has been to continually align our fleet size and deployment with market conditions, which are brutally competitive," Glenn Tilton, UAL chairman and chief executive officer, said in a statement.
Edited to add further news:
Tilton pointed out that the actions United is announcing are part of
United's ongoing strategy to:
-- Leverage Product Portfolio and Network: United's product portfolio and
worldwide route network give United the flexibility to put the right
product in the right market at the right price to meet customer demand
while generating a profit for the company.
-- Reduce Costs: United continues to reduce its costs to competitive
levels. The company is on track to achieve $5 billion in annual cost
improvements by 2005.
-- Deliver Operational Excellence: United continues to lead the industry
in operational excellence.
-- Focus on Customer Service and Investment: United maintains a sharp
focus on customers by investing in innovative products and services,
including expanding the availability of United EasyCheck-in and other
electronic and online ticketing and notification systems,
[Edited 2004-10-06 14:09:35]
You are 100 times more likely to catch a cold on a flight than an average person!