Losses may cause UAL to 'perish,' CEO warns
This Tuesday, a letter from the chairman of United Airlines claiming that the company would "perish" if it did not find a way to stop losing money and stabilize its finances, was leaked to an industry website before it was scheduled to be sent to employees. While company officials have said that the company is in dire straights and refused to comment further, union officials have been happy to supply an explanation of their own. With contract negotiations with the International Association of Machinists set to pick up again after a five-week pause, many union representatives feel that the company is simply trying to trick 45,000 aircraft mechanics into making concessions.
See "Losses may cause UAL to 'perish,' CEO warns", JAMES P. MILLER and ROBERT MANOR, Chicago Tribune, October 16, 2001