United Cuts Planned Capacity Increase

Mar 08 2011 United Cuts Planned Capacity Increase BY admin TAGS United

United Airlines is the latest carrier to announce it's cutting back on 2011 expansion plans...

"Starting with their May schedule, United and Continental will offer fewer flights on some routes, exit less-profitable routes and postpone the start of some new flights, such as service from Newark, N.J., to Cairo, that had been slated to launch this spring. Airlines, like other transportation industries, have been squeezed as crude oil prices have spiked in recent weeks due to unrest in the Middle East. But carriers also are facing near-record refinery costs for jet fuel as aging U.S. refineries have reduced capacity this year. Jet fuel traded at $128.20 per barrel the week of Feb. 25, up 50 percent from the year-ago levels, according to the International Air Transport Association."

Read the rest of the story from the Chicago Tribune.

 

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