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?