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October 10, 2008 7:20:21 PM CDT

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Stories related to: cost cutting

Stories

5 Stories

  • August 2008

    • United Should Be Liquidated

      BusinessWeek  |  Aug 13, 08 5:49 PM CDT

      United Should Be Liquidated

      (Newser) - What with the oil price spike, times are rough all around for airlines, writes Roben Farzad for BusinessWeek . But United presents a uniquely bungled case, and it is irresponsible to pity it along with other struggling players in the industry. "Even if the airline devised a way to run its 767s on oil from all the peanuts it has wrested from passengers, the institution seems almost culturally incapable of banking a profit," writes Farzad. More »

      Tags

      credit crisis  • airline industry  • strike  • United Airlines  • fuel costs  • pensions  • cost cutting

    • American Stiffens Frequent-Flier Rules

      New York Times  |  Aug 7, 08 4:50 PM CDT

      American Stiffens Frequent-Flier Rules

      (Newser) - American Airlines has added stiffer fees and higher mileage requirements to its frequent-flier program as the airline struggles to cope with fuel costs, the New York Times reports. American, which posted a $1.16 billion loss for the second quarter, is following the lead of Delta, which tightened the purse strings for its frequent-flier program last week. More »

  • June 2008

    • Let the Carry-On Wars Begin

      Wall Street Journal  |  Jun 17, 08 4:35 PM CDT

      Let the Carry-On Wars Begin

      (Newser) - With United, American, and US Airways all instituting charges for both first and second checked bags, a carry-on crunch is coming, the Wall Street Journal reminds us. Expect the baggage police to start heading off patrons flouting the cabin limit at security screenings. Airlines hope to to fight overcrowding in overhead bins and lower the total weight of aircraft, leading to lower fuel consumption. More »

      Tags

      American Airlines  • United Airlines  • fuel costs  • US Airways  • airlines  • fees  • cost cutting  • baggage handling

    • Honey, I'm Shrinking the Tribune Papers

      Chicago Sun-Times  |  Jun 6, 08 4:42 AM CDT

      Honey, I'm Shrinking the Tribune Papers

      (Newser) - Publisher Sam Zell has announced he'll quickly slash pages and more editorial jobs to offset huge debts and  a larger-than-anticipated decline in advertising revenue at his newspapers, including the Los Angeles Times and Chicago Tribune . An 80-page edition of the Tribune could be sliced to 48 pages, reports the Chicago Sun-Times . The papers have already lost a significant number of staffers to buyouts. More »

      Tags

      debt  • Tribune Company  • Sam Zell  • Los Angeles Times  • job cuts  • Chicago Tribune  • cost cutting  • newsroom cuts

  • April 2007

    • Citigroup Cuts 17,000 Jobs

      Wall Street Journal  |  Apr 12, 07 9:47 AM CDT

      Citigroup Cuts 17,000 Jobs

      (Newser) - Citigroup will cut 17,000 jobs in an attempt to close the gap between its revenue, up 7% last year, and its expenses, up 15%. The two-year cost-cutting plan comes after shareholders demanded major changes, but analysts agree that lowering expenses is only the first step. Upping revenue is the next. More »

      Tags

      business  • Citigroup  • finance  • layoffs  • cost cutting

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