United Airlines may file for bankruptcy

United Airlines's struggling parent company may file for bankruptcy this autumn unless it can cut costs.

United Airlines may file for bankruptcy
Thu, 15 Aug, 2002 - 07:16

United Airlines's struggling parent company may file for bankruptcy this autumn unless it can cut costs.

"Unless we lower our costs dramatically, filing for bankruptcy protection will be the only way we can ensure the company's future and the continued operation of our airline," Jack Creighton, United's chairman and CEO, said in a statement.

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