United announce fourth quarter results

Via Market Watch:

NEW YORK (MarketWatch) — UAL Corp. said Wednesday that it lost $1.30 billion, or $9.91 a share, in the fourth quarter. In the same period a year ago UAL lost $53 million, or 47 cents a share. Excluding non-cash net mark-to-market hedge losses and certain accounting charges, UAL lost $4.42 a share. The airline said it will further reduce the number of salaried and management employees by approximately 1,000 positions by the end of 2009.

Here’s to hoping all thousand of those cuts are in management, right near the top. Since it seems they’ve already fired the whole inventory management team, what’s next, revenue management?

What’s it going to take for the board to wake up and send Glenn packing?

About lucky

Ben Schlappig (aka Lucky) is a travel consultant, blogger, and avid points collector. He travels about 400,000 miles a year, primarily using miles and points to fund his first class experiences. He chronicles his adventures, along with industry news, here at One Mile At A Time.

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Comments

  1. I agree 100% with you.

    I hear complaints about UA frontline employees often, but I feel they have been criticized unfairly. I think the management deserve the blame for creating such a unfriendly working environment.

    I have stated before that it is the “decisions of UA management” that will drive my loyalty away from United. Management’s decision on cut back, reduce services, in-flight offerings, cut staffing, outsourcing maintenance, increase RCC fees, etc will drive passengers away. The frontline employees are just executing their decisions.

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