Northwest still hopes to reach out of court agreement with unions

Northwest Airlines filed an 1113(c) motion with the bankruptcy court on October 12 to secure labor cost savings if the company and its unions do not achieve consensual agreements (as previously reported).Northwest has been in discussions with The Air Lines Pilots Association (ALPA), The International Association of Machinists and Workers (IAM), and The Professional Flight Attendants Association (PFAA) regarding the possibility of extending the deadline for the Section1113(c) hearing to mid-January in order to allow all parties more time to reach consensual labor cost saving agreements. In light of Northwest