Northwest Airlines Future Schedule Reduced By 20 Percent

Northwest Airlines (NASDAQ: NWAC) announced today that it will reduce its system-wide flight schedule by 20 percent as measured on an available seat mile basis. The carrier is taking this action because of this week’s terrorist attacks on the United States and the resulting reduction in passenger demand and new airport and airline security measures.

The airline expects to begin schedule reductions immediately and have the new schedule fully implemented by October 1.

In light of the schedule reduction, Northwest is reviewing its overall staffing and other resource needs. The airline will complete this review next week.

With annual revenues in excess of $11 billion and approximately 53,000 employees worldwide, Northwest Airlines is the world's fourth largest airline with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam and more than 2,700 daily departures. With its travel partners, Northwest serves more than 785 cities in 120 countries on six continents.