(AP) — United Airlines said Saturday it will drop its money-losing hub in Cleveland, slashing its daily flights and eliminating 470 jobs.
The company's CEO Jeff Smisek announced in a letter to employees that the airline will no longer use Cleveland to connect fliers coming from other airports around the country. As a result, United's daily departures from the city will fall from 199 currently to 72 by June.
"Our hub in Cleveland hasn't been profitable for over a decade, and has generated tens of millions of dollars of annual losses in recent years," Smisek states. "We simply cannot continue to bear these losses."
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