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In Depth (Trouble in the Air) #790057

NBC Evening News for Sunday, May 15, 2005
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(Studio: John Seigenthaler) The problems for the nation's airlines industry introduced; statistics of different companies' deficit cited.

(New York: Tom Costello) The implications of United Airlines' plans to cut wages & turn its employee pension plan over to the government examined; details given about the watershed year for the industry with threats of bankruptcies. [Machinists union president Randy CANALE†- reacts to having his pension terminated.] [United CFO Jake BRACE†- comments on this "bad outcome."] [Airline analyst Ray NEIDL†- says low-cost carriers are penetrating the domestic market; notes how United will pressure the rest of the carriers to reduce costs.] [Airline fare expert Terry TRIPPLER†- says this is as low as fares will get.]

Reporter(s):
Seigenthaler, John;
Costello, Tom
Duration:
00:02:50

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