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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;

Stock News for Alaska Air (ALK)
10/21/201618:43:12Statement of Changes in Beneficial Ownership (4)
10/21/201618:36:05Statement of Changes in Beneficial Ownership (4)
10/21/201616:30:00Judge Overseeing Lawsuit Over Alaska Air, Virgin America Merger...
10/20/201617:40:00Alaska Air, Virgin America Cool Their Jets as They Await Deal's...
10/20/201608:00:00Alaska Air Group reports third quarter 2016 results
10/20/201607:40:00Alaska Air Profit Hit by Merger Costs
10/20/201606:02:30Current Report Filing (8-k)
10/18/201609:00:00Alaska Airlines takes veterans from Alaska to Washington, D.C...
10/13/201612:48:00Alaska Air Group to Announce Financial Results
10/12/201609:00:00Alaska Airlines launches 'Paint the Plane' sweepstakes for Alaska...
10/12/201606:01:59Current Report Filing (8-k)
10/11/201614:24:00Alaska Airlines' Safety Management System accepted by the FAA
10/04/201608:00:00Alaska Air Group reports September 2016 operational results
09/27/201620:24:00Alaska Airlines will fly to Havana, Cuba, beginning Jan. 5, 2017
09/26/201609:10:00Alaska Air Agrees Not to Close Virgin America Merger Before Oct...
09/26/201608:00:00Alaska Air Group and Virgin America Agree to Extend Regulatory...
09/23/201615:10:00Justice Department Gets More Time to Study Alaska Air, Virgin...
09/23/201609:00:00Alaska Airlines launches annual PFD sale for Alaskans
09/22/201619:36:02Statement of Changes in Beneficial Ownership (4)
09/14/201606:02:24Current Report Filing (8-k)

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