Now, the airlines are feeling the pinch. We told you earlier about Delta’s “early retirement” offer to about half of it’s employees. The trend is spreading.
Airlines Dump Planes, Routes, And Workers
Airline mergers may be off the table, for now, but a major industry reordering is still under way as United, Delta and Northwest Airlines contemplate deep cuts to withstand skyrocketing oil prices and a slowing economy. Prompting executives to action: fuel costs that have soared by more than 20 percent since January and a heart-stopping drop [...]
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