Get ready for another big squeeze!

[Don Smith]

Northwest Airlines Corp., the fifth-largest U.S. airline, asked for an additional three months to complete a reorganization plan as it negotiates pay cuts from flight attendants.

"Much more remains to be done to complete the task at hand, including the resolution of labor issues with the Professional Flight Attendants Association," Northwest said Monday in a filing with the U.S. Bankruptcy Court in New York. "There is no question that the debtors should be granted an extension."

Northwest, based in Eagan, Minn., is trying to reduce annual labor costs by $1.4 billion to stem losses and exit bankruptcy protection.

The carrier has negotiated new contracts with pilots and baggage handlers that will reduce labor costs by $552 million.

The carrier filed for bankruptcy protection Sept. 14. Northwest also needs to reduce its pension obligations, restructure some of its leases and obtain financing before it can exit bankruptcy, according to Monday's filing

 

[Don Smith]

Dougie needs. $1.4B, He's only squeezed out $550M. Wheres the other $950M going to come from? (drum roll please)...
F/As, pilots, maintenance, and rampers...TaDaaaa!
Wait a minute...didn't those groups already give??? Sure you did but there's alot more money to be taken out of your pockets. Bye bye pensions, bye bye benefits...all!
How about rampers to $9 per hour?
Mechanics to $16 per hour?
F/A...how about $5000 a year for 200 flt hours a month?
You are getting those FREE hotel nights.
Pilots...no pension payments anymore, $70K per year for all aircraft types, left seat, $55K right seat and 8 whole days off each month!
When the AMFA said you folks were next...WE WEREN'T KIDDING!

After all of this it still has to reduce (read that eliminate)pension obligations, restructure leases and then find some idiot financier to bankroll them...to even think about exiting BK.

 

[Don Smith]

I forgot to add non-principle management and administration employees...lets get another 15% for an even 50%...Beancounters unite!

 

[big jimmy]

I forgot to add non-principle management and administration employees...lets get another 15% for an even 50%...Beancounters unite!

Pilots passed their contract by 63% so douggie coild have taken another 12% and this garbarge pass. Oh yeah he will be back!