UAL losses mount; United union threatens - Yahoo! News
CHICAGO/NEW YORK (Reuters) - UAL Corp. (OTC BB:UALAQ.OB - news) said on Wednesday it lost $1.1 billion in the first quarter, as ground workers for its United Airlines unit voted overwhelmingly to authorize a strike if a judge allowed the carrier to end their union's contract.
The vote from members of the International Association of Machinists and Aerospace Workers was another sign of labor unrest at United. The No. 2 U.S. airline on Tuesday won court approval to terminate pension plans for thousands of employees, a step it says was needed to cut costs and exit bankruptcy.