Newspaper article THE JOURNAL RECORD

Icahn Says Twa Will Survive

Newspaper article THE JOURNAL RECORD

Icahn Says Twa Will Survive

Article excerpt

NEW YORK (AP) - The head of Trans World Airlines said Monday the carrier will survive even if flight attendants strike on Friday as threatened, but he did not rule out breaking up the financially troubled airline if he cannot reach a settlement with them.

""If the flight attendants go on strike, what we must do is win,'' Carl C. Icahn, TWA's chairman, said in an interview with ""The CBS Morning News.''

""But if we don't get what we need, what we have to do is think seriously about something I don't want to do.''

The Independent Federation of Flight Attendants says TWA's 6,000 flight attendants will strike if the airline insists on imposing 22 percent wage cuts and work-rule changes, which Icahn has insisted are needed to save money. The union has offered 15 percent wage cuts.

Victoria Frankovich, head of TWA's flight attendants, was not available today to respond to Icahn's statement, according to a secretary at the union's New York office.

Icahn said last week TWA has hired 1,500 new flight attendants, trained 1,500 ticket agents as emergency replacements and amassed enough money to sustain a walkout, which he estimated could cause losses of up to $100 million. …

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