The record high cost of fuel is challenging U.S. air carriers’ ability to achieve continued financial stability. As a result, six air carriers have declared bankruptcy since the beginning of the year, and two major carriers have announced their intention to merge. This hearing will examine the current financial state and long-term economic outlook of domestic air carriers and the implications of consolidation. Senator Rockefeller will preside.
Mr. Robert Roach Jr.
General Vice President - Transportation
The International Association of Machinists and Aerospace Workers
Mr. Doug Steenland
President and Chief Executive Officer
Northwest Airlines
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