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Losing slots could cost United $412 million.
United Airlines has calculated the cost of losing its iron grip on valuable take-off and landing time slots at Newark Liberty International Airport (asburyparkpress.nj.newsmemory.com) Plus d'info...
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If these slots they have at EWR were gained illegally which is very possible considering their former CEO they UAL deserves to lose them.
http://www.usatoday.com/story/money/2016/07/12/united-writes-off-412m-newark-slots/87007134/
These slots were acquired legally. They paid a lot of money to have rights to those slots, knowing they can also trade/sell them to other airlines. Now that the slot restrictions were removed from EWR those slots that they paid a lot for are now worthless. Hence why it is such a loss for them.
These slots were acquired legally. They paid a lot of money to have rights to those slots, knowing they can also trade/sell them to other airlines. Now that the slot restrictions were removed from EWR those slots that they paid a lot for are now worthless. Hence why it is such a loss for them.
UAL have this reputation and it's being going on for years acdross there destinations even the days of the B727's B742's DC10 flights
