Airlines reduce operations as outlook remains grim

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forgot the last part of the paragraph.........

"To the extent that anyone thinks large network carriers have been waiting
for passengers to return, the announcements and actions taken in the last
week should dispel that completely," said David Treitel, chairman of New
York-based airline consultancy SH&E Inc. USA TODAY/AP



Airlines reduce operations as outlook remains grim
usatoday

After a grim third quarter for airline industry, most U.S. airlines are
further shrinking operations as they look for ways to cut into
billion-dollar losses that have dragged their stock prices to historic
lows. Last week, Delta said it would lay off up to 8,000 employees,
American Airlines said it would delay delivery of 34 jets through 2005, and
Northwest Airlines said it would close a maintenance center and several
ticket reservation offices. Those moves also follow numerous cuts
previously made public, including an August announcement by American that
it would cut its workforce by 7,000. "To the extent that anyone thinks
large network carriers have been waiting for passengers to return, the
announcements and actions taken in the last week should dispel that
completely," said David Treitel, chairman



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