Laying off of 200 employees in Alaska Air Group: Loss of $700 million possible this year, condition of the company worsened due to rising fuel prices.
Alaska Air Group has announced the layoff of about 200 non-contract level employees amid declining profits and rising expenses. The company’s Chief Executive Officer (CEO) Ben Minicucci said that if the same conditions continue, the airline could suffer a loss of up to $700 million this year. CEO Ben Minicucci said in a memo to…