Leaner Northwest Airlines set for bankruptcy exit

(Reuters) - Northwest has spent the last year and a half hacking $2.4 billion off its annual costs, mostly from an aggrieved work force. Like other so-called "legacy' airlines, it has been forced to drastically slash its costs to keep pace with newer low-cost carriers and deal with wild spikes in fuel costs.




The company will officially relaunch as a slimmed-down carrier when Chief Executive Doug Steenland rings the opening bell on the New York Stock Exchange on Thursday.


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