Manufacturing Industry
United Airlines revises 2004 fuel costs
Airline Industry Information, Oct 15, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
United Airlines' parent company UAL Corp has revised its fuel costs for 2004 after the recent rise in oil prices increased the price of jet fuel.
The bankrupt airline said that it now expects to spend USD1.2bn more on fuel in 2004 than it had planned and also expects to spend a further USD475m more in 2005 than it initially forecast.
The claims were made in a status report filed with the US Bankruptcy Court which also said that the airline was looking to cut costs at Los Angeles and Denver airports. United Airlines is Denver airport's main carrier and it also holds a flight training centre at the facility. The report said that the airline was looking into 're-timing' of its schedules and real estate in Denver, reports the Rocky Mountain News.
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