Doug Steenland Northwest Quotations

Northwest must significantly lower its costs to compete with other carriers. We had developed a plan ... outside of Chapter 11 and have been implementing that plan.

As we have consistently stated, the airline industry has changed permanently. Northwest must significantly lower its costs to compete with other carriers. By filing for Chapter 11 now, we ensure that we have the means to complete the transformation of Northwest quickly and effectively.

Our third-quarter results clearly demonstrate the need for Northwest to restructure expeditiously.