News
United Files for Bankruptcy Protection
Published: Monday, December 9, 2002 | Posted By: Dennis
The second largest commercial airline files for bankruptcy protection in an attempt to keep on flying and become profitable.
"The bankruptcy restructuring also is likely to result in fewer flights. Experts say frequent-flier miles and basic fare levels are likely to be retained for the short term, although fare hikes are likely over the longer haul.
A spokesman for United's pilots union urged passengers Sunday not to abandon the airline during a bankruptcy filing."
This will also mean its going to be harder to book a seat on some flights.
Related Web URL: http://www.abcnews.go.com/wire/Business/ap20021209...