Northwest Airlines' newly installed CEO, Richard Anderson, said he plans to reduce payroll expenses by 5%
Northwest Airlines' newly installed CEO, Richard Anderson, said he plans to reduce payroll expenses by 5% as a result of an expected $150-million loss in the first quarter. Savings will come from the elimination of unprofitable routes, as well as a freeze on wage hikes and discretionary programs...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
