Midwest Airlines will be down to 23 airplanes soon as it continues to downsize. But how far can an airline downsize before it no longer exists?
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NWA
Northwest Airlines announced “revenue enhancements,” which means passengers will pay more fees. They will cut capacity in the fall and will stop hiring of pilots and flight attendants.
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Pilots have had their pay slashed. Virtually all airline workers have had their pensions stripped, medical coverage sliced and salaries diced. Stockholders were sore-out-of-luck. Bond holders got pennies on their dollars. Passengers have seen service crumble. One might think that the airline CEOs should bear some responsibility. Evidently not.
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