Alaska Airlines to slash 1,000 jobs

Alaska Airlines is cutting 1,000 jobs and its flights by 15%. The job losses account for about 10% of its work force and include pilots, cabin crew, technicians and service staff. The cuts will start 9 November and run into 2009.Bill Ayer, chairman and CEO of Alaska Air Group said, “The one-two punch of record oil prices and a softening economy, on top of increased competition, has burdened Alaska Air Group with a US$50 million loss on an adjusted basis for the first half of this year. That demands decisive action to ensure the viability of our company.”
The airline made a $50m loss in the first half of this year. It currently has a fleet of 111 Boeing 737s and around 10,000 staff.