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Delta Airlines has just chosen the most inefficient way to cut costs imaginable, to raise the fee on the “second checked bag.”
In an attempt to generate some $100 million in annual revenue, Delta (NYSE: DAL) said it will charge customers a $50 fee to check …

When compared to first quarter 2008, the airlines have eliminated over 27,000 jobs from the industry, a 6.6% drop. In February 2009 passenger carriers had 391,000 employees compared to February 2008 numbers of 419,000.
Dallas-based Southwest Airlines was one of the few major carriers to add …

This year Capital One stock has not been “in your wallet” and has lost 52% of its stock value this year. Today it reported its second quarterly loss when it set aside assets for bad loans and delinquencies.

The McLean-based banking and credit card lender …

Fannie May said it lost a record $29 billion in the 3rd quarter 2008. The company had to write down almost all of its deferred tax assets.
The loss is the fifth consecutive quarterly loss for the biggest mortgage lender in the U.S. The loss …

David Barger became the CEO of JetBlue, a low cost airline, last year and accepted an annual salary of $500,000. While the salary cut is only active between July and December, it is his way of trying to help his company and its employees. …