Following moves already made by its competitors, Northwest Airlines is moving to cut some 2500 jobs and generate revenue, because of …you guessed it… fuel costs. Looking to keep up with industry demands, NWA will slash just over 8% of its work force, and charge passengers to check bags and redeem frequent flier miles. Already in buy-out negotiations with Delta Airlines, for a deal to be done by November, Northwest is looking to add 0-300 million in revenue. As the industry reports to …
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Royal Caribbean Cruises Ltd. plans to cut 400 jobs all due to the increase of gas prices. Since the beginning of the year the companies’ fuel bill rose to 0 million dollars. The Miami-based cruise line handed out pink slips to workers on Monday. Richard D. Fain, Chairman and Chief Executive Officer of Royal Carribbean, told the Miami Herald that, “the bulk of the jobs being cut are in Miami and in Broward.” The cruise operator announced that their second quarter earnings of .7 million …
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