Dave Davis, Northwest's chief financial officer, said at a New York investor conference Tuesday that the run-up in fuel prices could push Northwest's 2008 fuel bill to $5.2 billion, about $800 million more than it had projected.
"We have a thorough review underway of our capacity right now, with a particularly hard look at domestic" flying, Davis said. In January, Northwest indicated that it would shrink domestic capacity by 5.5 to 6.5 percent this year. But Northwest CEO Doug Steenland said Sunday that, after the big jump in oil prices, "We have to rethink the size of the airline we operate."
"We have a thorough review underway of our capacity right now, with a particularly hard look at domestic" flying, Davis said. In January, Northwest indicated that it would shrink domestic capacity by 5.5 to 6.5 percent this year. But Northwest CEO Doug Steenland said Sunday that, after the big jump in oil prices, "We have to rethink the size of the airline we operate."
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