Small Business Resources, Business Advice and Forms from AllBusiness.com

No Course Changes: Credit Unions Serving Beleagured Airline Industry Say Difficult Times Are Not...

By Freeman, Lisa
Publication: Credit Union Journal
Date: Monday, August 19 2002

With USAir filing chapter 11, American Airlines slashing another 7,000 jobs and United Airlines threatening bankruptcy, the credit unions that serve the ailing airline industry are working to help members in these troubling times. In other words, it's business as usual.

"The fact is, we've been going through this since last September," said Ralph Canterbury, VP-technology at US Airways FCU, referring to the Sept. 11 attacks and subsequent reduction in passenger loads that have hit the airlines. "USAir has laid off thousands of people since then, and we have worked

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • ATA in talks with AirTran and America West ahead of bankruptcy filing.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD US low-cost airline ATA is in talks with both AirTran Airways and America West Airlines, seeking a strategic partner to help with its reorganisation as it prepares to enter bankruptcy protection. The struggling airline is expected to file for bankruptcy before the end of ......
  • Delta to cut jobs, pay and fleet.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD Delta Air Lines will cut as many as 9,000 jobs. The airline, which filed for Chapter 11 bankruptcy protection last week, has said that it would cut up to 9,000 jobs or 17% of the workforce, reduce pay and review its route network. Delta ......
  • United Airlines plans to cut workforce by 2%.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD United Airlines is planning to lay off a further 2% of its workforce, as part of its efforts to reduce costs in bankruptcy. The airline has announced plans to lay off nearly 1,700 ticketing employees, and will shut down all of its US ticket ......
  • Northwest to lay off fewer flight attendants than planned.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD The number of flight attendants to be laid off by Northwest Airlines (Pink Sheets: NWACQ) in January has been reduced from 500 to 300. The airline said in September, when it filed for Chapter 11 bankruptcy protection, that it would lay off 1,400 flight ......
  • US Airways bankruptcy filing increases pressure on Delta and United.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD The announcement that US Airways has filed for bankruptcy is not a complete surprise but will worry two of its major rivals, United Airlines and Delta Air Lines, which face problems of their own. United Airlines has been under bankruptcy protection since December 2002 ......
  • United Airlines to lay off additional maintenance staff.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2002 M2 COMMUNICATIONS LTD United Airlines has announced plans to lay off an additional 599 maintenance employees in January 2003. The layoffs are scheduled to take effect on 26 January 2003, in order to allow the carrier - which filed for Chapter 11 bankruptcy protection earlier this month ......
  • Fear of flying in wake of terrorist actions may lead to job losses in airline industry.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD A number of airlines have cut flight schedules and staff because a decreased number of customers are willing to fly after the recent terrorist hijackings in the United States. Continental Airlines has cut flight schedules by a fifth and laid off 12,000 staff. Similarly, ......

Business Guides

Forms

Blogs

  • Two Ways to Money Market
    • Money market accounts are hot right now because of the pretty good return on your investment. A money market account is basically an investment in cash. When interest rates go up, so does the value of cash. You can actually make money on how well the dollar is doing. With ......
  • There's a Customer Revolt Going On--Will You Join it
    • When American Airlines Flight 1348 was stranded on an Austin, TX airport runway for nine hours, it made news around the world. And although incidents of this magnitude are rare, for many it was just another in a continuing series of uncaring acts by an industry that doesn´t place a ......
  • Speak up!
    • Until the recent crash in Kentucky, US airlines had not had a fatal accident since 2001. 50 million miles flown with no loss of life. How has that come to be? What, you ask, does this have to do with physician practices? In the movement to improve the quality of ......
  • A Look Back at Travel in 2007
    • As we moving into the new year, I've rounded up a quick list of the top travel stories of 2007.
  • All Bloggers

Podcast

Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.