Airlines Cut Costs To Offset Fuel Prices
AP:
Several major airlines outlined plans Tuesday to slow their growth and cut costs to deal with higher fuel prices and the prospect of an economic slowdown that could hurt air travel.
Executives for some carriers also said they are actively planning for airline mergers, although they were careful not to discuss specific combinations.
"We are not standing around waiting for consolidation to happen. We're interested in that," said Jake Brace, the chief financial officer of United Airlines.



First Posted: 03/28/08 03:45 AM ET Updated: 05/25/11 01:20 PM ET