正文
Big Job Cuts Announced at American
By MICHELINE MAYNARD
Published: July 3, 2008
American Airlines said it expects to cut nearly 7,000 jobs, about 8 percent of its work force, by the end of 2008, as it reduces flights and grounds aircraft due to high fuel prices.
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Jazz Air cutting 270 workers as costly fuel forces capacity reduction
Thu Jul 3, 12:38 PM
The Canadian Press
HALIFAX - Jazz Air (TSX: JAZ-UN.TO) is cutting 270 employees as the regional airline operator reduces capacity by five per cent.
The Jazz reduction announced Thursday follows the mid-June move by Air Canada, from which Jazz was spun off as a separate regional carrier, to cut its flying by seven per cent with the loss of 2,000 jobs.
Under a so-called Capacity Purchase Agreement between the two carriers, Air Canada buys substantially all of Jazz\'s seat capacity based on predetermined rates. Jazz also generates revenues through charter programs, ground-handling services and some maintenance, repair and overhaul work.
The decrease in Air Canada\'s need for Jazz\'s services necessitates a reduction in staff of approximately 270 Jazz employees, the regional operator stated.
Jazz CEO Joseph Randell added that every effort is being made to mitigate these job losses, and we hope this downturn in our industry\'s cycle ends soon. We are in a period of great uncertainty and cannot predict where the price of fuel is going.
Jazz has already made fuel-saving changes and recently froze hiring and non-critical overtime. It also has announced plans to close its Hamilton operation at the end of July, eliminating 10 daily flights and 14 jobs at the Hamilton airport.
In Thursday\'s announcement, Jazz commented that in addition to soaring fuel prices, airlines in Canada must also contend with federal and provincial fuel excise taxes, security fees, Nav Canada fees and airport charges that rank amongst the most expensive in the world. It is important to recognize the severity of the situation facing the entire aviation industry and ultimately our communities.
In Thursday trading on the Toronto Stock Exchange, Jazz Air units fell 33 cents to $4.90, a drop of 6.3 per cent.
By MICHELINE MAYNARD
Published: July 3, 2008
American Airlines said it expects to cut nearly 7,000 jobs, about 8 percent of its work force, by the end of 2008, as it reduces flights and grounds aircraft due to high fuel prices.
========================================================================
Jazz Air cutting 270 workers as costly fuel forces capacity reduction
Thu Jul 3, 12:38 PM
The Canadian Press
HALIFAX - Jazz Air (TSX: JAZ-UN.TO) is cutting 270 employees as the regional airline operator reduces capacity by five per cent.
The Jazz reduction announced Thursday follows the mid-June move by Air Canada, from which Jazz was spun off as a separate regional carrier, to cut its flying by seven per cent with the loss of 2,000 jobs.
Under a so-called Capacity Purchase Agreement between the two carriers, Air Canada buys substantially all of Jazz\'s seat capacity based on predetermined rates. Jazz also generates revenues through charter programs, ground-handling services and some maintenance, repair and overhaul work.
The decrease in Air Canada\'s need for Jazz\'s services necessitates a reduction in staff of approximately 270 Jazz employees, the regional operator stated.
Jazz CEO Joseph Randell added that every effort is being made to mitigate these job losses, and we hope this downturn in our industry\'s cycle ends soon. We are in a period of great uncertainty and cannot predict where the price of fuel is going.
Jazz has already made fuel-saving changes and recently froze hiring and non-critical overtime. It also has announced plans to close its Hamilton operation at the end of July, eliminating 10 daily flights and 14 jobs at the Hamilton airport.
In Thursday\'s announcement, Jazz commented that in addition to soaring fuel prices, airlines in Canada must also contend with federal and provincial fuel excise taxes, security fees, Nav Canada fees and airport charges that rank amongst the most expensive in the world. It is important to recognize the severity of the situation facing the entire aviation industry and ultimately our communities.
In Thursday trading on the Toronto Stock Exchange, Jazz Air units fell 33 cents to $4.90, a drop of 6.3 per cent.
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