Northwest Exits Bankruptcy
STEVE INSKEEP, host:
NPR's business news starts with another U.S. airline leaving bankruptcy.
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INSKEEP: It's Northwest Airlines and its CEO rings the opening bell of the New York Stock Exchange this morning. Northwest is the last of the top five U.S. carriers to shed billions of dollars in debt, marking the end of a six-year slump for the airline industry. To get back into the black though, Northwest had to slash pay and benefits for its 30,000 workers. And yesterday flight attendants and pilots rallied against the airline in Minneapolis. They say that senior executives are profiting on their 40 percent pay cuts.
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