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NEW YORK - Shares of United Airlines parent UAL Corp. slipped Tuesday morning after the company said it would lay off 950 pilots, adding to plans to cut 1,600 salaried positions and reduce its fleet.
| UAUA | 6.96 |  0.44 |
The stock slipped 21 cents, or 3.5 percent, to $5.88 after the opening bell.
The Chicago-based company, which like all airlines is looking to aggressively cut costs in the face of skyrocketing fuel prices, is working out details with its pilots union.
The cuts are set to start this summer.
Year to date, shares of UAL have shed 83 percent of their value.
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