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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
05/03/201608:00:00Alaska Air Group Reports April 2016 Operational Results
04/28/201619:15:39Statement of Changes in Beneficial Ownership (4)
04/26/201619:36:13Statement of Changes in Beneficial Ownership (4)
04/22/201616:05:00Virgin America Postpones 2016 Annual Meeting Given Proposed Transaction...
04/21/201618:29:05Statement of Changes in Beneficial Ownership (4)
04/21/201608:10:00Alaska Air Profit Tops Expectations
04/21/201608:00:00Alaska Air Group Reports Record First Quarter 2016 Results
04/21/201606:02:19Current Report Filing (8-k)
04/18/201615:00:00Alaska Air, Virgin America File Deal Paperwork
04/14/201606:01:38Current Report Filing (8-k)
04/12/201608:20:00JetBlue to Expand Its High-End Mint Service
04/12/201608:00:00Horizon Air Places Largest Aircraft Order in its History, Adding...
04/11/201606:01:38Current Report Filing (8-k)
04/10/201620:56:00VIRGIN AMERICA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL...
04/08/201611:38:00Virgin America Inc. Acquisition May Not Be in the Best Interests...
04/06/201612:45:00Alaska Airlines to fly Bellingham to Kona, on the Big Island...
04/05/201603:02:00Deal Sets Up Face-Off For Plane Makers
04/04/201612:13:00VIRGIN AMERICA(VA) ALERT: Johnson & Weaver, LLP Launches an Investigation...
04/04/201607:00:00Alaska Air Wins Bidding War for Virgin America
04/04/201606:10:43Current Report Filing (8-k)

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