United Airlines cuts 950 pilots

In the previous post, I mentioned that the airline industry was suffering. In this new article, United Airlines will cut 950 pilots in the near future. They will cut a total of 1600 salaried jobs. In order to deal with insane prices, they are forced to cut workers. They are even starting to charge to check luggage. Will the airline be able to survive and how long?

Airlines suffering from fuel costs

One major industry that is really hurting from the high fuel costs is the airline. There were several airlines that had already filed for bankruptcy in the past few years, before the increased price in oil. If airlines go out of business, it can hurt the economy. It would cause thousands of job losses. Even though it is mentioned in this article that the airline has enough liquid to survive this year, it is not unlikely that some airlines will soon run out of business after a year. Think about the goods that are transported by planes and all the people that need to travel to do business. It would not be pretty if airlines went out of business.