Northwest Airlines cutting 2,500 jobs, will charge for first checked bag
Northwest Airlines Corp. is the latest U.S. airline to cut jobs because of high oil prices.
President and CEO Doug Steenland blames the cuts on fuel costs that have more than doubled in the past year.
Northwest says it will offer voluntary departures. It says furloughs will be used only if it does not get enough volunteers to reach the 2,500 number.
Northwest also says it will begin charging $15 for the first checked bag, matching a fee added by other carriers this year. And the airline says it will begin charging a fee for frequent-flier award tickets _ from $25 for domestic tickets to $100 for flights to Asia.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.