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NORTHWEST AIRLINES FEELING THE PAIN

NORTHWEST AIRLINES FEELING THE PAIN

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The Minneapolis Star Tribune (9/17) reports, “Northwest Airlines executives worked over the weekend on layoff decisions and other money matters to keep the airline afloat in the face of industry losses that will prompt bailout discussions this week in Washington.

"'It's my responsibility to react and act quickly and appropriately to be certain that Northwest continues operating as a viable airline,' Chief Executive Officer Richard Anderson said Sunday in his daily hotline message to the company's 53,000 employees.

"Northwest has not disclosed how much money it is losing, but at similarly sized Continental Airlines, daily losses have been $30 million since Tuesday's terrorist attacks on the East Coast. A travel scare, expected to be long term, has resulted from those attacks.”

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