United Airlines is slashing its flight schedule by 50% for the next two months and is seeking deep cost savings from its unions.
United's top management executives will have a 50% cut in their pay, according to a letter from United CEO Oscar Munoz and President Scott Kirby to the company's 100,000 employees — which was made public Sunday night.The letter indicated that United management began discussions with the airline's unions on Sunday about lowering compensation costs. Employee furloughs, layoffs or a reduction in pay rates are among the options for cost cutting being considered.
The letter said the reduced schedule could even extend into the summer travel season, a key period of air travel and airline profitability.The cut disclosed Sunday includes the reductions in flights already announced at United. United was the first US airline to announce a reduction in its domestic schedule. The 50% cut is a comparison to what United had scheduled for the two months before the coronavirus outbreak.
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