Alaska Airlines cuts routes, workers
Alaska Airlines is slashing its capacity 8 percent and its workforce by 9 percent in the face of high oil prices and falling travel demand. Record oil prices, a softening economy, and increased competition have burdened Alaska Air Group with a $50 million loss on an adjusted basis for the first half of the year, Chairman Bill Ayers said. The company operates a fleet of 111 Boeing 737s.
Gulfstream to announce G250
Gulfstream is reportedly planning to announce the launch of a new aircraft capable of carrying eight passengers 3,600 nm at Mach 0.80. The new design is likely to use a smaller version of the G550 wing. Like the larger G550 wing, the G250 will use heated engine bleed air for ice protection, and won't have any high-lift devices on the leading edges. The G250 is slated to use Honeywell engines and Rockwell-Collins Pro Line Fusion avionics.
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