More Airlines to follow ....United , American LH AF KLM BA
The cancer from Middle East is here and we need to stop it or we are going to be screwed
While I don't disagree, in this case you need to read more.
Most of the cuts are seasonal, with the strong dollar being one of the culprits. Also, some of the cuts may just be with aircraft substitutions, from a 767-400 or A330 to a 767-300. That would be a cut in seats.
Btw, did you see the profit sharing amount for employees? $136 million for the quarter. (I believe that was double the amount last year Q1). And, the refinery made an $86 million profit for the quarter. Not bad.
Bye Bye---General Lee
I've yet to find one report that calls the refinery purchase anything but a mediocre purchase at best and a colossal failure at worst. Between the collapse of bakken oil, deltas contracts for it, the rail debacle, and having to buy your own tanker to ship it around from the gulf coast, the whole project is eating itself alive. There is a reason no other airline has tried this idea, and it's not for a lack of opportunity. Good out of the box thinking, but it's a failure. They can't flick the booger either because of pollution around the area.
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