DON'T START THE WAR Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : DON'T START THE WAR

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PartyTime who started this subject	3/11/2003 12:12:11 PM
From: James Calladine	Read Replies (1) of 25898

Airlines: 70,000 Jobs Lost if War in Iraq Tue March 11, 2003 11:15 AM ET WASHINGTON (Reuters) - U.S. airlines could slash 70,000 jobs and lose up to $4 billion a quarter if there is war with Iraq and the government does not give the industry more help, the biggest domestic carriers said on Tuesday. The Air Transport Association, which represents major airlines, said in a report on airline finances that its members would take aggressive steps to counter any sharp drop in travel demand and an increase in costs caused by an Iraqi war. Big airlines are seeking government assistance to stem rising fuel costs and ease taxes that are cutting into their bottom line and contributing to losses that soared to a record $10 billion in 2002. In its report, the industry restated its belief the impact of war could prompt more bankruptcies or force some financially fragile carriers into liquidation. Recovery would take several years and ticket prices would fall further to spur demand, it said. reuters.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next