UAL Second Quarter Still Red
In a company statement, the carrier also said a threatened strike by United Air's flight attendants is illegal and "will not be tolerated." It said it would do whatever necessary to ensure the continued smooth operation of the company. The airline currently faces strike threats from its flight attendants' union if the workers' pension plans are not reinstated.
One analyst – airline consultant Michael Boyd - said United's cost cuts in Chapter 11 have made it viable, but that the company needs a change in management if it is to compete long-term with key rival AMR Corp's American Airlines. America last week said its second-quarter profit rose to $58 million.
Robert P. Mark
7/29/2005
United Airlines Thursday reported wider losses in the second quarter this year than a year ago. The airline said its net loss increased to $1.43 billion, or $12.33 per basic share, from $247 million, or $2.25 per share. 7/29/2005
In a company statement, the carrier also said a threatened strike by United Air's flight attendants is illegal and "will not be tolerated." It said it would do whatever necessary to ensure the continued smooth operation of the company. The airline currently faces strike threats from its flight attendants' union if the workers' pension plans are not reinstated.
One analyst – airline consultant Michael Boyd - said United's cost cuts in Chapter 11 have made it viable, but that the company needs a change in management if it is to compete long-term with key rival AMR Corp's American Airlines. America last week said its second-quarter profit rose to $58 million.