Leaner Northwest Airlines exits bankruptcy

(Reuters) - Northwest has spent the last year-and-a-half hacking $2.4 billion off its annual costs, mostly from an aggrieved work force. Like other so-called "legacy" airlines, it has been forced to drastically slash its costs to keep pace with newer low-cost carriers and deal with wild spikes in fuel costs.




The company officially relaunched itself as a slimmed-down carrier as Chief Executive Doug Steenland rang the opening bell on the New York Stock Exchange on Thursday.


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