January 30, 2008 |
Northwest and JetBlue lost less money in the fourth quarter than expected, even in the face of high fuel prices, and JetBlue shares jumped more than 20% on the possibility of a passenger-sharing deal with Lufthansa. It would have been a break-even quarter for Northwest Airlines Corp. if not for a loss on its stake in Pinnacle Airlines. Discounter JetBlue Airways Corp.
May 31, 2007 |
The wave of airline Bankruptcy Court filings that followed 9/11 ends today when Northwest Airlines Corp. wraps up its reorganization. Northwest will exit Chapter 11 a little smaller, a lot more efficient and with some of the lowest costs among the major carriers. It has slashed debt by $4.2 billion, cut $400 million a year in the cost of its fleet and trimmed unprofitable routes. It also cut labor costs by $1.
August 30, 2006 |
Northwest Airlines Corp. and its flight attendants union, which have broken off contract talks, are set to meet today with the judge who urged them to negotiate when he blocked a strike last week. The meeting with U.S. District Judge Victor Marrero in New York will gauge whether more talks are possible, said David Borer, general counsel of the Assn. of Flight Attendants-CWA. The Eagan, Minn.-based airline "remains available to resume discussions," Northwest spokesman Kurt Ebenhoch said.
August 24, 2006 |
The Justice Department and more than 20 airlines asked a judge Wednesday to block a flight attendants' strike at Northwest Airlines Corp., saying a work stoppage would disrupt transportation and hurt the economy. The companies and the government filed court papers backing Northwest's appeal of Bankruptcy Judge Allan Gropper's refusal to stop a strike. A walkout could cause the company's liquidation and the loss of 34,000 jobs, Northwest has said.
August 17, 2006 |
Northwest Airlines Corp. is apologizing to workers offended by company suggestions on how to save money that included buying jewelry at pawnshops, getting auto parts at junkyards and taking shorter showers. The list, titled "101 Ways to Save Money," was part of a booklet for employees being laid off as Northwest reorganizes under bankruptcy protection. The Eagan, Minn.
May 11, 2006 |
Northwest Airlines Corp. posted a $1.1-billion first-quarter loss, largely on costs associated with its bankruptcy reorganization. The loss of $12.65 a share widened from a loss of $537 million, or $6.19, a year earlier, the Eagan, Minn.-based airline said. The results included $975 million of restructuring costs. Sales rose 3.3% to $2.89 billion.