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United Airlines is in the Travel Industry
Latest News and Analysis
Retired pilots lose pension dispute Appeals court sides with United, active pilots.(Business)
Byline: Melanie G. Rogers Medill News Service On the eve of still another United Airlines bankruptcy hearing, the company won an important pension plan dispute in the 7th Circuit Court of Appeals in Chicago. "We're pleased with the ruling," United spokesman ...
Employee Benefits 2005.(Spotlight: Year in Review--Employee Benefits)
JANUARY * Technology giant EDS Corp. is purchasing Towers Perrin's benefit administration unit for $420 million. As part of the transaction, EDS and Towers Perrin will form a new venture, combining Towers Perrin's benefits administration services and EDS' existing payroll and HR-related outsourcing...
US federal court rejects appeal from United flight attendants
AIRLINE INDUSTRY INFORMATION-C1997-2005 M2 COMMUNICATIONS LTD A three-judge panel in the 7th US Circuit Court of Appeals has rejected an appeal from the flight attendants of United Airlines. The federal court said that it saw no reason to reverse a ruling made by a bankruptcy judge to allow...
Airline CEOs Know Something You Don't
One reason flying can be such a drag is that sinking feeling you get when you start talking to your seatmate and discover that she paid much less for her ticket than you did. The trick, of course, is to have access to the best information. What's true for airline...
PBGC to fight United plan.(News)(Pension Benefit Guaranty Corp)(United Air Lines Inc.)(Brief Article)
The Pension Benefit Guaranty Corp. PBGC vows to fight United Airlines' proposed reorganization plan, claiming it "materially breaches'' the terms of a settlement that gave the agency control of the Elk Grove Township-based airline's underfund The Pension Benefit Guaranty Corp. PBGC vows to fight United...
How Safe Is Your Pension Benefit.
PICTURE THIS: You're a few years into retirement and the monthly pension check you count on for a comfortable lifestyle suddenly gets cut in half. Or maybe retirement is still a few years off and your carefully laid plans rely heavily on the pension you've been ...
Congress responds to pension failure stories.(Benefits Management)
Byline: JERRY GEISEL It is the pension horror stories, like retired United Airlines pilot James V. Allen's, that may finally lead Congress to rewrite pension funding law. When the U.S. Pension Benefit Guaranty Corp. takes over and terminates Un Byline:...
Late News; PBGC takes over more United plans.(Pension Benefit Guaranty Corp)
The Pension Benefit Guaranty Corp. last week took over two more massively underfunded pension plans sponsored by bankrupt United Airlines. The Assn. of Flight Attendants, which is pursuing legal action to try to undo the termination, says the takeove The Pension Benefit Guaranty Corp. last week...
Pension system deserves attention.(Commentary)
Byline: Paul Winston It took a financial disaster for tens of thousands of United Airlines' employees and retirees and for the Pension Benefit Guaranty Corp., but Congress finally is waking up to the need to address serious flaws in the nation's p Byline:...
Pension funding rule overhaul likely
In the years before United Airlines shuttered its retirement plans and transferred a record $6.6 billion in claims to the federal pension agency, the company paid very little into its own plan or into the system that insures benefits. United played by the same funding rules as financially strong...
When pensions go bust
When a judge recently agreed to let United Airlines renege on its pension promises to its workers, a new and cloudy day had dawned. A day of betrayal, to be followed by a long twilight of insecurity. For even as George W. Bush is trying to slash benefits that Social...
Pension pains: ERISA ... what did it do to your pension?(Staying Legal)
We have all been reading about the losses suffered by employees in the air carrier business and others as a result of bankruptcies and the termination of their pensions. Here is a brief discussion of what's been going on. [ILLUSTRATION OMITTED] ...
House seeks to bar PBGC takeover of UAL's plans.(News)(Pension Benefit Guaranty Corporation)(United Airlines)(Brief Article)
WASHINGTON - The U.S. House of Representatives on June 24 approved an amendment submitted by Rep. George Miller, D-Calif., to a spending bill that could prohibit the PBGC from spending the money necessary to take over the pension plans of United Airl WASHINGTON - The U.S....
With pensions' status uncertain, United workers, retirees afraid
For 39 years, Earl Potter has fixed airplanes for United Airlines. He rises at 4 a.m., arriving at Chicago's O'Hare International Airport by 6 a.m. to work in rain, biting cold or summer heat. Potter, who also has a pilot's license, has worked awful hours all these years...
Crisis in US pension protection as United dumps $6bn liabilities
The pensions default by United Airlines, the largest such failure in US business history, was raising major new fears yesterday over the solvency of the taxpayer-funded federal agency that insures corporate pensions in the US. Under a plans approved by a federal bankruptcy court in Chicago, United...
Brazil has highest funded ratio; dips found elsewhere.(Briefs)(Employee Pension Preservation Act)(ING Clarion Partners in group buying Gables REIT)(United Airlines introduces employee benefit plans)(National City Corp.)
NEW YORK - Global pension plans had mixed results in the first quarter, with funded ratios declining in the U.S., Canada, Australia and the euro zone but improving or holding steady in the United Kingdom, Brazil and Japan, according to a new report f NEW YORK...
Calendar Girls II: Flight attendants expose concerns.(Frontlines)(for pension benefits)(Brief Article)
Byline: Nicholas Braude While United Airlines, its unions and the PBGC traded pension-related blows in both bankruptcy court and in the media, some of the company's flight attendants took a different route to deliver their message: Five flight att Byline: Nicholas Braude ...
Editorials.(News)(Editorial)
Tighter pension rules are needed United Airlines raised eyebrows across the country and tensions within its work force when it won a bankruptcy judge's permission last month to walk away from $9.8 billion worth of contributions to its pension fund. Close...
Bush pension plan an all-round loser.
Jun 06, 2005 (The Sydney Morning Herald - ABIX via COMTEX) US industries affected by globalisation are increasingly passing on their pension obligations to the pension insurance program.A recent case in point involved United Airlines, which dumped $US6.6 billion worth of employee pension liabilities...
United terminates pension plans, seeks further savings.(News Briefs: Financial results, new deals, and reports from every corner of the globe)(United Air Lines Inc.)(Brief Article)
United Airlines' bid to terminate and replace pension plans covering 120,000 current and former employees was approved by a US Bankruptcy Court judge in May, marking the largest pension default in US corporate history. The plans were underfunded by $9.8 billion and UA successfully argued that...
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United Airlines Company Info
NAICS Code
Scheduled Passenger Air Transportation: 481111
