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MIDWEST EXPRESS CUTS COSTS TO REVIVE Q1 LOSSES
USA, Midwest Express was stung by a net loss of 6,6 USDm in the first quarter of 2001. The airline decided to reduce non-aircraft capital spending by 5 USDm this year and cut 7% of its workforce over the next three months. Midwest attributed the Q1 negative result to higher fuel and labor prices. The airline management reported that Midwest in 14 years of net profits registered only two negative...
AVIONEWS - World Aeronautical Press Agency