With another eight percent in capacity cuts set for the winter schedule, Alaska is trimming its workforce by another nine to 10 percent. The schedule change becomes effective November 9 and represents 15 percent fewer departures.
"The one-two punch of record oil prices and a softening economy, on top of increased competition, has burdened Alaska Air Group with a $50 million loss on an adjusted basis for the first half of this year. That demands decisive action to ensure the viability of our company," said Bill Ayer, chair and CEO of Alaska Air Group, the parent company of Alaska Airlines and Horizon Air. "We are changing our schedule to make sure we're flying the right routes with the right frequency and right aircraft. Regrettably, a reduced schedule means we need fewer employees."