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Article: Northwest Airlines Announces Revenue Enhancements and Capacity Reductions in Response to Extraordinary Fuel Costs.
- Article from:
- Business Wire
- Article date:
- April 3, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EAGAN, Minn. -- Northwest Airlines (NYSE: NWA) today announced several actions that are in response to the high cost of fuel and current economic uncertainties.
In announcing the measures, Northwest Airlines President and CEO Doug Steenland said, "Over the past several months, the price of oil has risen dramatically to all time highs and there is no reasonable basis to conclude that oil prices will materially decline anytime soon. These increased costs are significant and call for a strong response from us."
Steenland added, "Today we are summarizing our current plan to mitigate these fuel cost increases. This plan includes revenue enhancements, capacity and fleet ...
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