Northwest loses a pile of money in first quarter

Grants | Legacy Digitization | Topics | Business & Industry |
April 16, 2003
Jim Bickal - Reporter
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Northwest Airlines announced today that it in the first quarter of this year it lost nearly 400 million dollars, adding to what analysts expect will be one of the worst quarters in aviation history. Yesterday, Northwest outlined a plan to its machinists which includes a two percent pay cut plus over 14 hundred more job cuts. Earlier this year, Northwest cut its schedule by 12 percent and announced 49 hundred temporary layoffs. Joel Denney is an Airline Analyst with the investment firm U.S. Bancorp (BANK-core) Piper Jaffray. He's on the line now. Joel Denney is an Airline Analyst with the investment firm U.S. Bancorp (BANK-core) Piper Jaffray.

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