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United Airlines Expected to Emerge From Bankruptcy


United Airlines is expected to emerge from bankruptcy Wednesday after a three-year effort to slash costs.

United is the second-largest air carrier in the United States, with about 57,000 workers and 460 planes.

That is about one-third fewer workers and one-fifth fewer planes than before the cost-cutting effort. United also has slashed billions of dollars in debt and pension costs.

The airline also cut domestic flights where competition from new, low-fare airlines made it tough to make a profit, and expanded overseas service where it can get better prices.

United was hurt when demand for air travel dropped in the wake of terror attacks, low fare competition grew and fuel costs soared.

Some information for this report was provided by AFP, AP and Reuters.
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