All the legacy carriers reduced their work forces in January except for Delta Air Lines Inc. (NYSE:DAL), which for the first month reported combined numbers with Northwest Airlines, which Delta bought in 2008, according to Fox Business. AMR Corp.'s (NYSE:AMR) American Airlines and Continental Airlines Inc. (NYSE:CAL) tied for the biggest network-carrier decline, at a 4.7% drop in employment. Even including Delta's 67% increase in work rolls, legacy carriers' overall employment was down 2.3%.
Discount carriers increased their work force 1.4% in January from a year earlier. Market leader Southwest Airlines Co. (NYSE:LUV) had 2.1% fewer employees, but it was the only low-cost carrier to shrink its pool of workers. Smaller rivals Frontier Airlines Holdings Inc. (FRNTQ) and Virgin America, partly owned by the U.K.'s Virgin Group, posted 16% and 14% increases.
Mar 17 · 12:43:00 PM · Source: Fox Business
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by Steve Wieczorek
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