1.
U.S. markets recover from steep losses
SEATTLE, July 24 (UPI) -- Alaska Airlines said it lost it $14.1 million in the second quarter of 2008 and would reduce staff by 5 percent and passenger capacity by as much as 10 percent.
The moves will "help us survive what is shaping up to be the most difficult period in commercial aviation history," Chairman and Chief Executive Officer of Alaska Air Group Bill Ayer said, The Seattle Times reported.
Alaska Group's Horizon Airlines has trimmed staff by 13 percent this year. Both Alaska and Horizon will also raise revenues through fees and increased fare rates, the report said.
In the Times' report Ayer said, "skyrocketing fuel prices have eclipsed the improvements we've worked so hard to achieve in every area of our business."
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
