Northwest Matches United, CO Rate Hike | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.15.17

Airborne 02.16.17

Airborne 02.17.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.15.17

Airborne 02.16.17

Airborne 02.17.17

Wed, Mar 19, 2008

Northwest Matches United, CO Rate Hike

CEO Hints At Job Cuts, Other Measures

Last week's $50 hike in airfares looks like it's going to stick. Following in the steps of United and Continental, this week Northwest Airlines also increased fares across the board.

As ANN reported, United and Continental announced their fare increases March 14. Trips under 500 miles will cost fliers about $10 more round-trip, with journeys longer than 1,500 miles costing as much as $50 more, especially on less-competitive routes.

Like those carriers before it, Northwest pointed the finger at record high prices for fuel, and a slumping economy.

"Airfares have to go up, and our passengers will need to pay more. Airlines simply cannot absorb these cost increases," Northwest CEO Doug Steenland told employees, reports The Associated Press.

Furthermore, the worst may be yet to come... for travelers, and airline employees. Like other carriers, Northwest has seen its fortunates plummet in recent weeks due to the above economic travails; on Monday, Northwest stock prices dropped 82 cents, closing at $8.69... less than half their value one month ago.

Airlines are becoming increasingly desperate to stop the bleeding... and in his message, Steenland strongly hinted his airline may have to take drastic measures, though he stopped short of mentioning job cuts.

"First we have to tighten our belt. We need to find ways to preserve cash by reducing capital expenditures and operating costs," he said. "Fortunately, we have over $3 billion of cash on hand."

A Northwest spokeswoman declined to comment further... but it's likely the CEO's underlying message was lost on no one.

FMI: www.nwa.com

Advertisement

More News

Klyde Morris (02.20.17)

Klyde's Still On SpaceX's Case... As Usual FMI: www.klydemorris.com>[...]

SpaceX Falcon 9 Back In ISS Delivery Biz

Eighth Successful First Stage Landing/Recovery Looked Almost Easy... They're back in the ISS delivery business as a SpaceX Falcon 9 rocket lifted off at 9:39 a.m. EST, Sunday. Abou>[...]

Napa Jet Center (KAPC) To Offer Expanded Maintenance Services

Textron Aviation Selects Napa Jet Center For Maintenance Of Bonanza/Baron Series Napa Jet Center (KAPC) has been selected by Textron Aviation to add the Beechcraft Authorized Servi>[...]

Aero-News: Quote of the Day (02.20.17)

“One of the main uses for the UAS will be for high-risk situations such as someone barricaded in a home or building. The UAS will allow us to get a bird’s-eye view and >[...]

Moore County, NC SheriffÂ’s Office Purchases UAS

Will Be Employed For A Variety Of Law Enforcement Operations Sheriff Neil Godfrey announced today that the Moore County Sheriff’s Office has purchased an Unmanned Aircraft Sy>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC