United to Ground 737s, 747s to Save Fuel

June 4, 2008 6:11:37 AM PDT
United Airlines is reportedly planning to ground dozens of its least fuel-efficient aircraft to conserve cash and cope with spiraling fuel prices. The Chicago Tribune reports United escalated the plan last month as the Chicago-based airline backed off a potential combination with US Airways. The report cites unidentified sources familiar with the plan and says United will announce the decision today.

l Street Journal reports the plan will lead to a large but undetermined number of furloughs of union workers and a major reduction of routes.

A United spokeswoman has declined comment.

The reports say United intends to retire 94 Boeing 737s. The airline had already planned to ground 30 of the decades-old aircraft. United also plans to ground some Boeing 747s, which are its largest jets.


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