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CaptainCrickettMan · June 5th, 2008, 02:14

Just looked at UAL news with dear old dad today and it's not good. Take a peek.

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Fleet Reductions
We will remove a total of 100 aircraft from our fleet beginning in September and reduce our mainline domestic capacity in the fourth quarter 2008 by 14 percent year over year. The reduction eliminates our Boeing 737 fleet, including the 30 previously announced B737 aircraft, provided we can work out terms with our lessors. We also will retire six Boeing 747s. Over 2008-2009, we will reduce cumulative mainline domestic capacity between 17 and 18 percent and cumulative consolidated capacity between 9 and 10 percent.

"We are taking additional, aggressive steps that demonstrate our commitment to size our business appropriately to reflect the current market reality, leverage capacity discipline to pass commodity costs on to customers, develop new revenue streams and continue to reduce non-fuel costs and capital expenditures," said Glenn Tilton, chairman, president and CEO. "This environment demands that we and the industry act decisively and responsibly. We continue to do the right work to reduce costs and increase revenue to respond to record fuel costs and the challenging economic environment."

When complete, our fleet reduction will retire our oldest and least fuel-efficient jets and will lower our average fleet age to 11.8 years. Schedule changes related to the elimination of 30 B737s previously announced are currently in our reservations system.
We will file further changes related to the retirement of an additional 50 aircraft by year end in our systems in the near future. Schedule reductions will be primarily reached through frequency reductions while retaining commitment to all five of our U.S. hubs. We expect to remove about 80 planes from the system by the end of 2008, with the remaining 20 being removed by the end of 2009.

As part of these changes, we will eliminate our Ted product and reconfigure that fleet’s 56 A320s to include United First class seats. The Ted aircraft reconfiguration will begin in spring 2009 and be completed by year-end 2009.
"The decision to dramatically reduce our capacity profile particularly in the domestic marketplace, while also eliminating a fleet type, is a significant step leading to a more effective and efficient operating fleet for us in the years ahead, while improving our customer experience and reliability," said John Tague, executive vice president and chief operating officer.

Staffing Changes
As we reduce the size of our operation, we also expect to reduce the number of salaried and management employees by 1,400-1,600, including the previously announced 500 employee reduction by year end. Work is currently under way in each division to determine critical priorities and necessary SAM reductions. As we finalize schedules, we will identify the reductions necessary on the front line and communicate those as they are available.

Future at UAL? May Tilton and his toy soldiers rot in hell.

June 5th, 2008, 02:14	#1
CaptainCrickettMan Junior Member Join Date: Aug 2007 Location: BFE Posts: 63	Bad news for UAL Just looked at UAL news with dear old dad today and it's not good. Take a peek. --------------------------------------------------------------------------------------------------------------------------- *Fleet Reductions* We will remove a total of 100 aircraft from our fleet beginning in September and reduce our mainline domestic capacity in the fourth quarter 2008 by 14 percent year over year. The reduction eliminates our Boeing 737 fleet, including the 30 previously announced B737 aircraft, provided we can work out terms with our lessors. We also will retire six Boeing 747s. Over 2008-2009, we will reduce cumulative mainline domestic capacity between 17 and 18 percent and cumulative consolidated capacity between 9 and 10 percent. "We are taking additional, aggressive steps that demonstrate our commitment to size our business appropriately to reflect the current market reality, leverage capacity discipline to pass commodity costs on to customers, develop new revenue streams and continue to reduce non-fuel costs and capital expenditures," said Glenn Tilton, chairman, president and CEO. "This environment demands that we and the industry act decisively and responsibly. We continue to do the right work to reduce costs and increase revenue to respond to record fuel costs and the challenging economic environment." When complete, our fleet reduction will retire our oldest and least fuel-efficient jets and will lower our average fleet age to 11.8 years. Schedule changes related to the elimination of 30 B737s previously announced are currently in our reservations system. We will file further changes related to the retirement of an additional 50 aircraft by year end in our systems in the near future. Schedule reductions will be primarily reached through frequency reductions while retaining commitment to all five of our U.S. hubs. We expect to remove about 80 planes from the system by the end of 2008, with the remaining 20 being removed by the end of 2009. As part of these changes, we will eliminate our Ted product and reconfigure that fleet’s 56 A320s to include United First class seats. The Ted aircraft reconfiguration will begin in spring 2009 and be completed by year-end 2009. "The decision to dramatically reduce our capacity profile particularly in the domestic marketplace, while also eliminating a fleet type, is a significant step leading to a more effective and efficient operating fleet for us in the years ahead, while improving our customer experience and reliability," said John Tague, executive vice president and chief operating officer. *Staffing Changes* As we reduce the size of our operation, we also expect to reduce the number of salaried and management employees by 1,400-1,600, including the previously announced 500 employee reduction by year end. Work is currently under way in each division to determine critical priorities and necessary SAM reductions. As we finalize schedules, we will identify the reductions necessary on the front line and communicate those as they are available. Future at UAL? May Tilton and his toy soldiers rot in hell. Last edited by CaptainCrickettMan; June 5th, 2008 at 02:36.