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AirTran to cut wages, salaries by 10 pct: report

NEW YORK
Wed Jul 2, 2008 11:20pm EDT

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NEW YORK (Reuters) - AirTran Holdings Inc (AAI.N) told employees it will cut salaries and wages by about 10 percent and warned that more cutbacks may be necessary as its airline struggles with high fuel prices, The Wall Street Journal reported on Wednesday.

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Non-fuel operating costs at AirTran are about half those of most major airlines, but Chairman and Chief Executive Bob Fornaro told employees in an internal memo that "the high cost of oil poses a serious threat to the future of AirTran," the Journal reported on its website.

An AirTran spokesman was not immediately available for comment.

(Reporting by Robert MacMillan; Editing by Tomasz Janowski)
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