Transportation Industry

Company Watch - Northwest Airlines

AirGuide Business, July 7, 2008

7/7/2008

Delta Air Lines and Northwest Airlines employees are urging lawmakers to regulate speculation in the oil markets. The employees have sent nearly 10,000 e-mails to lawmakers through a Web site created by Delta. The carriers plan to ask customers to join the effort. 7/3/2008

Delta Air Lines and Northwest Airlines pilots, whose leaders reached a tentative agreement on a joint contract last week with Delta management, will enter into a period of "good faith" negotiations over details of seniority list integration and agreed to enter into binding arbitration by year end if differences still remain. Minneapolis's Star Tribune reported that the tentative joint contract would give Delta pilots a 5% pay raise next year and annual increases of 4% through 2012, with NWA pilots receiving larger raises to bring their pay to parity with their better-compensated DL counterparts. The DL Air Line Pilots Assn. MEC has approved the tentative contract and the NWA ALPA MEC reportedly will vote on it imminently. Pilots from both carriers then would be required to ratify it. 6/30/2008

Northwest Airlines flew 7.26 billion consolidated RPMs in June, up 4.4% year-over-year. Capacity climbed 5.9% to 8.37 billion ASMs and load factor dropped 1.2 points to 86.8%. 7/4/2008

Northwest Airlines will cancel its Detroit-Dusseldorf and Hartford-Amsterdam flights on Oct. 2 and suspend Minneapolis/St. Paul-Charles de Gaulle from Oct. 2 to March 28, 2009. It cited "high fuel costs and decreased demand" for the decision. 6/30/2008

Northwest Airlines pilots will receive nearly a 2.4% equity stake in Delta Air Lines under a joint contract agreement that will go into effect when the two companies combine. Pilots will also receive compounded raises of more than 18% over four years under the agreement. 7/2/2008

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