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Bush Strike Intervention A Mixed Blessing for Airlines Mar 01
Standard & Poors, March 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) March 12, 2001-- President Bush's appointment of a Presidential Emergency Board to avert a potential strike by Northwest Airlines Inc. mechanics and his implicit warning that he would do the same in other large airline labor confrontations this year eases the near-term threat of costly strikes and may help the affected companies slow spiraling wage and benefit costs. Still, the Administration's move will not change the overall industry trend of rising labor costs, may not prevent nonstrike disruption by airline employees, and could accelerate federal intervention in airline industry affairs more generally. As such, it may eventually be seen as a near-term benefit but mixed blessing in the long run. A Presidential Emergency Board...
Companies mentioned in this report are: American Airlines Inc.,Delta Air Lines Inc.,Northwest Airlines Inc.,United Air Lines Inc.
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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