United to Drop Cleveland Hub in $2 Billion Savings Push
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United Continental Holdings Inc., the world’s second-biggest airline, is dropping Cleveland as a hub for connecting flights and cutting 470 jobs as the carrier works to cut $2 billion in annual costs by 2017.
Average daily departures will shrink about 60 percent by June as United eliminates most regional flights at an airport where United has been losing money, Chief Executive Officer Jeff Smisek said in a Feb. 1 letter to employees. Only one of 26 peak-day departures on mainline jets will be halted, he said.