Company Watch - Northwest Airlines.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jun 12, 2006 Northwest, attendants meet with judge today. Northwest Airlines and its flight attendants will meet with a bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. judge today. The airline will ask for permission to reduce pay and change work rules. The workers recently rejected an agreement that would lower pay. Northwest has said it will have to make cuts to its summer schedule if it can't lower operating costs operating costs npl → gastos mpl operacionales . Jun 9, 2006 Northwest strike could snarl summer plans for fliers. A strike at Northwest Airlines would disrupt summer travel for some passengers, industry observers say. Airlines expect a record number of passengers this year, and many carriers have cut the number of flights they will operate. Northwest says it will have to reduce its summer schedule if it cannot soon wrap up its efforts to win labor contracts. Jun 8, 2006 In a statement, Northwest said it was "disappointed" in the vote and that it has asked the US Bankruptcy Court to rule on its Section 1113[c] motion to reject the existing labor agreement and impose new contract terms "as soon as possible." It also filed a motion with the court "asking for a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. to prevent" a strike. PFAA PFAA Professional Flight Attendants Association PFAA Participating Field Activity workers have voted to strike if a contract is imposed. Jun 7, 2006 Northwest Airlines flight attendants overwhelmingly rejected a tentative agreement reached in March that would have provided the bankrupt carrier with $195 million in annual work rule, benefit and salary concessions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Professional Flight Attendants Assn., 85% of the 7,625 eligible workers cast votes and of those, 80% voted to reject the agreement. "The Flight Attendants understood how harsh and unfair the bankruptcy process can be to loyal employees. The company went too far," said PFAA President Guy Meek meek adj. meek·er, meek·est 1. Showing patience and humility; gentle. 2. Easily imposed on; submissive. . "The flight attendants rejected this contract and continue to reject the continuing mismanagement mis·man·age tr.v. mis·man·aged, mis·man·ag·ing, mis·man·ag·es To manage badly or carelessly. mis·man  age·ment n. of the airline as well as the everyday mistreatment mis·treat tr.v. mis·treat·ed, mis·treat·ing, mis·treats To treat roughly or wrongly. See Synonyms at abuse. mis·treat of NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer employees." Jun 7, 2006 Northwest attendants reject contract agreement. Northwest Airlines flight attendants rejected a contract that would have lowered their pay. The company has asked a bankruptcy judge to allow it to impose its own terms on the workers and for an injunction that would prevent the workers from going on strike. "We are taking this action to reassure our customers that they can continue to book Northwest with confidence for their future travel needs," said Mike Becker, senior vice president of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and labor relations. The rejection leaves the status of NWA's contracts and tentative agreements with its other work groups unsettled since these will not take effect until contracts are in place with all unions. The company noted that "today's PFAA vote further delays implementing permanent labor cost reductions, which will result in ongoing losses of $30 million per month." Jun 7, 2006 Northwest attendants to announce contract vote today. Northwest Airlines flight attendants are expected to announce the results of a vote on a contract proposal today. The proposal would reduce wages and help the airline emerge from bankruptcy protection. If the proposal is rejected, Northwest has said it will try to impose a contract. Jun 6, 2006 Northwest Airlines lost $295 million in April, according to a filing with the US Securities and Exchange Commission, but was profitable on the operational level, reporting a $53 million operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. on $1.04 billion in revenues and $987 million in expenses. The bottom line was affected by $309 million in reorganization items related to restructured aircraft lease and debt charges. Jun 5, 2006 Carriers post strong May load factor. United Airlines and Northwest Airlines reported that their planes were more than four fifths full in May. The May load factor for the two carriers is higher than what airlines have historically reported. Jun 7, 2006 |
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