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US Airlines Work Force Drops 0.4% On Year In October - DOT

DOW JONES NEWSWIRES U.S. airlines' work force dipped 0.4% in October from a year earlier on a full-time equivalent basis, according to the U.S. Department of Transportation. October's decrease is the 28th consecutive month of year-on-year declines for work force levels, but the rate of decline has been abating since the middle of last year. On Wednesday the department reported total unadjusted employment rose 0.2% on the year in October, the first such growth since June 2008. Airlines have enjoyed a bounce this year as business travelers and consumers return to the skies, but the recovery has yet to translate into net hiring. Carriers struggled last year as the downturn battered demand, forcing them to take steps to cut costs, including layoffs. Total full-time equivalent employees numbered 378,112 in October, down from a year earlier but up from September's 377,676, according to the department's Bureau of Transportation Statistics. Full-time equivalent calculations count two part-time employees as one full-time employee. Network carriers' work force declined 1.2%. Delta Air Lines Inc. (DAL) was again the only of the six network carriers to increase employment, with 56% more workers compared with a year ago following its merger with Northwest. Alaska Air Group Inc. (ALK) had the largest decline, a 3.6% drop. Discount carriers' employment was up 3% as Southwest Airlines Co. (LUV) had 0.7% more workers and AirTran Holdings Inc. (AAI), which it plans to acquire, saw its work force edge up 0.2%. Rival JetBlue Airways Corp.'s (JBLU) work rolls grew 4.1%. Regional airlines employed 0.5% more workers. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Alaska Air (ALK)
DateTimeHeadline
04/24/201505:25:55Alaska Air Group Stock Rating Upgraded by Buckingham Research...
04/23/201520:10:14Alaska Air Group Lowered to "Hold" at Vetr Inc. (ALK)
04/23/201517:15:40Statement of Changes in Beneficial Ownership (4)
04/23/201508:00:00Alaska Air Group Reports Record First Quarter 2015 Results
04/23/201506:02:13Current Report Filing (8-k)
04/19/201509:34:03The Only 3 Airlines Where Customer Service Is Improving (Can...
04/15/201510:43:49Worker on Alaska Airlines Flight 'Knowingly Violated' Policy...
04/14/201505:14:31Spirit Airlines: Get A Discount On This Discount Airline
04/14/201500:00:14Alaska Airlines Jet Makes Emergency Landing
04/13/201523:47:47Alaska Airlines Jet Forced to Make Emergency Landing -- Update
04/13/201520:47:35Alaska Airlines Jetliner Forced to Make Emergency Landing
04/10/201508:06:532 Mid-Cap Stocks To Hold For The Next 25 Years
04/09/201516:01:37Current Report Filing (8-k)
04/09/201511:55:21Airline stocks lower as oil gets top billing
04/09/201510:13:38Why American Airlines Is Still The Best Airline Stock
04/06/201515:46:00Alaska Air Group to Announce First Quarter 2015 Financial Results
04/02/201513:00:00Seattle Mariners & Alaska Airlines Help Make Wishes Come True...
04/02/201511:30:00Alaska Air Group makes list of Top 100 'best employers'
04/02/201508:19:27Load factor slips at Alaska Air Group in March
04/02/201508:00:00Alaska Air Group Reports March 2015 Operational Results

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