Delta, Northwest warn Congress of job cuts |
| Bizjournals.com - Apr 25, 2008 |
Delta Air Lines Inc. CEO Richard Anderson and Northwest Airlines Corp. CEO Douglas Steenland told Congressional committees and other interested parties on Thursday a merger of the two carriers would likely mean roughly 1,000 job cuts at the combined airline's headquarters.
The duo gave testimony to a House Judiciary Committee task force about the airlines' planned merger. They also appeared before the Senate Judiciary Committee's Subcommittee on Antitrust, Competition Policy and Consumer Rights on Thursday afternoon to testify about the merger plans.
Anderson and Steenland said the airlines would be better off as a combined entity and could together better weather record high fuel costs, which forced the airlines into a total net loss of more than $10 billion for the first quarter.
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- Posted: 2008-04-25 09:12:23
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