Latest Douglas Steenland Stories

2008-06-24 02:29:58

Steenland to call for further oversight and regulation of speculative trading of oil futures to help ease industry's extraordinary fuel costs Northwest Airlines Logo: http://www.nwa.com Northwest Airlines (NYSE:NWA): TABLE What:________ Hearing before U.S. Energy and Commerce Committee Subcommittee on Oversight and Investigations When:_________ Monday, June 23, 2008 ______________ Testimony begins at 11:00 EDT Where:________ 2123 Rayburn House Office Building, Washington,...

2008-06-23 00:00:17

THE ASSOCIATED PRESS MINNEAPOLIS - Northwest Airlines said it will cut its capacity later this year by 3 percent to 4 percent because of high fuel prices. The reductions were deeper than those announced in April, though they're smaller than cuts announced by many other airlines. The airline said Tuesday it will try to shrink its staff through voluntary means, but layoffs are possible, too. Northwest said it has not yet arrived at the number of positions it wants to eliminate. Northwest...

2008-06-19 12:00:44

By Micheline Maynard Northwest Airlines is planning to eliminate more planes from its fleet, including Boeing, Airbus and McDonnell Douglas jets, by the end of December, its second cut in capacity this year. On Tuesday, Northwest attributed the reductions, the latest by a major airline, to the record price of jet fuel, which has nearly doubled in the last year. Northwest will ground 14 Boeing 757 and Airbus jets during the final three months of 2008. It also said that only 61 of its...

2008-06-18 09:00:00

By Katherine Yung, Detroit Free Press Jun. 18--Already complaining about the hike in air fares this summer? Brace yourself. It's only going to get worse. On Tuesday, Northwest Airlines announced additional moves to shrink the airline to cope with record jet fuel prices. The moves will result in even fewer flights and higher airfares, starting in this year's fourth quarter. The restructuring will also lead to an unspecified number of job cuts, though the airline plans to first offer...

2007-08-29 15:12:44

Northwest Airlines (NYSE:NWA) joined the International Association of Machinists and Aerospace Workers' (IAM) National Pension Plan by making its first employer contribution, $3,314,623, on behalf of the airline's IAM-represented employees. NWA's participation fulfills a commitment made during its restructuring to make new investments in the defined contribution pension plan. "Our restructuring asked a great deal from our people; because of their commitment, we're in a financial position to...

2006-07-09 09:54:58

By John Crawley WASHINGTON (Reuters) - Bankrupt U.S. carriers Northwest Airlines and Delta Air Lines have stepped up pressure on Congress to finish pension legislation that would give them more time to fund plans that are billions of dollars in the red and in danger of termination. Top executives have lobbied lawmakers and written letters in recent weeks to push House-Senate negotiators trying to craft a final bill. The companies are using the financial and time pressures of...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.