United aims for $2B in cost savings


United Airlines (UAL) says it will cut costs, overhaul its website, and shift flying from Asia to Europe as it aims to keep shareholders happy.

United disclosed the initiatives Tuesday as part of a presentation to investors.

The airline, run by United Continental Holdings Inc., is aiming to cut costs by $2 billion per year. A spokeswoman says the plan announced Tuesday does not include furloughs. The airline is also aiming to burn less fuel, make workers more productive, and improve its maintenance processes.

It plans to overhaul its United.com website in phases next year.

United will drop Seattle-to-Tokyo flights, replacing them with a second daily flight from Houston. United has faced strong competition in Seattle from Delta Air Lines Inc. (DAL).

United is also shifting some flying from Asia to Europe.