Cuts following oil spike help United manage financial crisis

10/9/2008 | Air Transport World

United Airlines' decision to cut capacity by 16% in response to spiraling oil prices may help the carrier, and others who have taken similar measures, ride out the current crisis in financial markets. While it is not yet clear whether United will need to make further layoffs, President and CEO Glenn Tilton said the airline and other domestic carriers are currently stable.

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