Continued Bad News for United’s Employees
May 12th, 2005 | By Jared BlankUnited announced a $1.1 billion loss last quarter and will ask a bankruptcy court to impose additional pay cuts on its mechanics and machinists. The bad news for passengers is that those unions have authorized a strike should pay cuts be implemented. I go back to my original recommendation for people with United frequent flyer miles: book a ticket on a partner airline.
Speaking of which, in case you were wondering whether it’s impossible to make money in the airline industry, United partner Singapore Airlines posted a profit of more than $800 million last year.