To: jlallen who wrote (375954 ) 3/21/2003 4:20:04 PM From: steve dietrich Read Replies (1) | Respond to of 769667 Reuters Northwest Air Cutting 4,900 Jobs Friday March 21, 4:03 pm ET ST. PAUL (Reuters) - Northwest Airlines Corp. (NasdaqNM:NWAC - News) on Friday said it was cutting 4,900 jobs and its flight schedule by 12 percent because of lower travel demand before and following the conflict in Iraq. "The carrier is taking this action because of a drop in passenger demand due to both the threat of and now the commencement of hostilities with Iraq," the airline said in a statement. "As world events unfold, Northwest will continue to monitor passenger demand to determine whether additional actions are necessary." About 20 planes will be removed from service. The schedule changes will affect North American, Asia/Pacific and European routes. Email this story - Set a News Alert ADVERTISEMENTSpecial Offers · Find Old Friends at Classmates.com · LendingTree - Let Banks Compete for You! · Get a fresh start with ClearCredit · Your own Online Store Selling our Overstock · Hide Your Tracks Download internetwasher.com only $79.95! · Save up to $500* in commissions with CyberTrader. · Planning to Sell or Buy a Home this Spring? · Fast Tax Refund! File online with TurboTax® For the WebSM · Make money with online auctions like eBay! · #1 site for Credit: www.eCreditCards.com (U.S. Only) Related Quotes BA NWAC 28.08 8.349 +0.26 +0.890 News News View Detailed Quotes Delayed 20 mins Quote data provided by Reuters Related News Stories · UPDATE - Hawaiian Airlines files Chapter 11, blames leases - Reuters (4:01 pm) · Northwest Airlines Reduces Schedule By Twelve Percent Due to War Related Drop In Demand; Announces Staff Reductions - PR Newswire (3:45 pm) · Hawaiian Air/Chapter 11: Got Union Concessions Earlier - Dow Jones Business News (3:39 pm) · Airline Stocks Gain Amid Hopes For Quick War - Dow Jones Business News (2:41 pm) More... -------------------------------------------------------------------------------- · By industry: Aerospace/defense, Airlines/aviation Top Stories · Stocks Gain; Dow Has Best Week Since 1982 - Reuters (4:10 pm) · Oil Plunges as West Secures Key Oilfields - Reuters (3:12 pm) · Consumer Prices Rise on Oil, Food in Feb. - Reuters (11:45 am) · El Paso, California Reach Settlement Deal - Reuters (2:47 pm) More... -------------------------------------------------------------------------------- · More Reuters · Most-emailed articles · Most-viewed articles Special Coverage News, features, and video -------------------------------------------------------------------------------- Copyright © 2003 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service Copyright © 2003 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.