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Article: United Airlines Executive Says Turnaround Is Beginning.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 21, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Greg Griffin, The Denver Post Knight Ridder/Tribune Business News
Aug. 21--A top United Airlines executive said Wednesday that the bankrupt company has "turned the corner" in its battle to boost revenues and staunch crippling losses.
"The revenue turnaround has begun," said John Tague, United's executive vice president for customers. "We're seeing the company's financial situation gain a great deal of stability." Tague, in town this week for a United sales meeting, also said the airline's cash flow has "improved dramatically" in recent months.
United must increase the cash it generates from operations each month to satisfy covenants ...