Northwest, ALPA Reach Tentative Agreement On Contract Extension

MINNEAPOLIS—(April 27, 2002) å- Northwest Airlines (NASDAQ: NWAC) and its pilots, as represented by the Air Line Pilots Association, reached a Tentative Agreement today to extend their current Collective Bargaining Agreement by one year. The current Agreement becomes amendable on September 13, 2002 and the Tentative Agreement reached today extends the Agreement through September 12, 2003. The Tentative Agreement includes a pay increase of 4.5 percent on September 13, 2002 and a second pay increase of 5.5 percent on September 12, 2003. The parties also agreed to begin contract talks in January 2003, with the mutual goal of achieving a new agreement by September 2003. The Tentative Agreement is subject to ALPA Master Executive Council and membership ratification.