United Airlines thinking of grounding Aircraft
UNITED Airlines may ground up to 100 planes to save money on fuel expenses as other major carriers including American Airlines and Northwest Airlines also consider grounding aircraft.
This comes as two US senators asked aviation officials to look into a report that carriers may have cut back on fuel reserves to reduce expenses, possibly violating safety regulations.
Carriers are scrambling to meet demand and maintain their profit momentum after a successful summer travel season amid pressure from high energy prices.
Crude oil was up nearly $US1 ($1.09) on Friday on the New York Mercantile Exchange to $US96.40 a barrel. Every $US1 increase in crude oil prices costs airlines $470 million.