United Airlines is reducing its fleet by 15 to 20 airplanes by the end of this year, the company announced today.
Chicago-based United is the largest carrier at Denver International Airport.
United said it will eliminate from its fleet “older, less fuel-efficient, narrow-body aircraft.”
United’s chief executive Glenn Tilton said in a message to employees that the company is “being responsive to the difficult business environment” and the move is part of an effort to make the company more financially resilient.
“The economic environment in which our industry operates has changed significantly over the past several weeks. Continued uncertainty about the overall U.S. economy with the price of fuel at historically high levels has put significant pressure on all U.S. carriers,” Tilton said in the message. “Today’s environment only amplifies the serious issues facing U.S. carriers in the global marketplace.”
United said it has been looking for new sources of revenue, such as through its $25 fee for checking a second bag for many of its customers, and has increased its fuel hedges. It is also looking for ways to reduce other costs.
Kelly Yamanouchi: 303-954-1488 or kyamanouchi@denverpost.com
