Company Watch - Northwest Airlines.Dec 4, 2006 Northwest Airlines reported a $37 million consolidated October profit on $1.03 billion in revenues. Year-ago figures were not available, but the airline did lose $346 million in the six weeks following its entry into bankruptcy on Sept. 14, 2005. NWA's October expenses came to $980 million and its 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. was $52 million. It has forecast a "modest profit" for 2006 excluding reorganization items. Dec 4, 2006 Northwest Airlines flight attendants, represented by the Assn. of Flight Attendants, argued in a US appeals court this week for the right to strike over management's imposition of $195 million in annual concessions. A federal judge issued an injunction in September preventing the flight attendants from engaging in work actions and the National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the subsequently ordered the two sides back to the negotiating table. But AFA AFA In currencies, this is the abbreviation for the Afghanistan Afghani. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. told the appeals court that NWA's imposition of cuts despite flight attendants' rejection of two tentative concessionary agreements gives workers the right to work actions. 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 said it is seeking an agreement with 7,300 flight attendants but argued that any work action would violate US laws governing airline labor relations. It is not known when a ruling will be issued. Nov 30, 2006 Mesaba Airlines Mesaba Airlines is an American regional airline based in Eagan, Minnesota. The airline operates under Mesaba Aviation, Inc. a wholly owned subsidiary of Northwest Airlines. All of its flights are operated under the name Northwest Airlink for Northwest Airlines. , a regional partner of Northwest Airlines, reached a truce with its pilots, flight attendants and mechanics who ratified contracts intended to reduce the carrier's labor costs by some 15%. The tentative agreements, reached four weeks ago, came after months of acrimonious wrangling between Mesaba management and union leaders from the Air Line Pilots Assn., Assn. of Flight Attendants and Aircraft Mechanics Fraternal Assn. The ALPA ALPA abbr. Air Line Pilots Association agreement passed with a 68.4% affirmative vote, AFA's with 82% and AMFA's with 65%. Mesaba President and COO John Spanjers acknowledged that employees had made "considerable sacrifice" to ensure the company's survival and added, "I am confident we will see brighter days ahead." Nov 29, 2006 Northwest Airlines said it will not renew interline in·ter·line 1 tr.v. in·ter·lined, in·ter·lin·ing, in·ter·lines To insert between printed or written lines. in agreements with approximately 50 carriers that do not have plans to offer interline e-ticketing when the accords expire on Jan. 1. NWA currently offers interline e-ticketing with 43 airlines and said, "interline agreements are the final phase in our effort to offer the many benefits of e-ticketing to all of our customers worldwide." It said the 50 carriers "involve a small volume of interline activity" and it will consider new agreements with them if they agree to a satisfactory alternative like Worldspan's e-ticket interchange product. Nov 28, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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