Delta to eliminate D/FW hub, cut jobs to save $5 billion
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Delta Air Lines Inc. (NYSE: DAL) is eliminating its Dallas/Fort Worth Airport connecting hub, dropping some daily flights from the airport, and cutting between 6,000 and 7,000 jobs throughout its system over
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A Delta Air Lines jet taxies to the gate at Hartsfield Jackson Atlanta International Airport on Oct. 27 in Atlanta. On Friday, the airline released new details on the up to 6,900 jobs it plans to cut starting Jan. 1.
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Delta Air Lines Inc. said it will cut pay 10 percent for executives and most other employees to help reduce costs as the company tries to avoid filing for bankruptcy protection.
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Delta&#39;s pilots union said today that it has tentatively agreed to the full $1 billion in wage and benefit reductions the airline said it needs to help it avoid bankruptcy.
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Ford Motor Co.  on Friday said it  would cut its annual costs by about $5 billion by the end of  2008 and reduce its salaried staff by about a third as part of  an accelerated restructuring.
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On Wednesday, Delta pilots agreed on cost saving plan of the company as Delta Air Lines is trying to avoid possible filing for Chapter 11 bankruptcy.
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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, news reports and an industry source say.
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Delta Air Lines will virtually eliminate its hub in Dallas that once was key to its long-term strategy. American Airlines will shutter its operations at Long Island MacArthur Airport in Bohemia.
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Delta Air Lines Inc., the No. 3 U.S. carrier which has been restructuring in efforts to avoid a bankruptcy filing, is expected to slash fares and remove restrictive rules such as Saturday-night stays, Time magazine reported in its online edition on Sunday.
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Cost cuts are part of its effort to avoid bankruptcy; CEO will skip salary for the remainder of &#39;04. CHICAGO  - Delta Air Lines said Tuesday it would reduce the pay of executives and frontline employees by 10 percent as of Jan.
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North Texas and DFW International Airport will lose $782 million annually when Delta Air Lines pulls out of the airport next year, economists say.
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ATLANTA - Delta Air Lines will cut up to 7,000 jobs, reduce wages and pull back at its Dallas-Fort Worth airport hub as part of a sweeping restructuring plan that could still leave it vulnerable to bankruptcy.    The job cuts representing about 10 percent of its overall work force will come over the next 18 months, Delta chief executive Gerald Grinstein said Wednesday during a meeting with 300 of the company's middle managers...
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Union officials representing 7,500 pilots at Delta Air Lines said Wednesday night they have reached a cost-cutting agreement with management, which presumably could halt, or at least
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier, said on Sunday it will cut 2,000  aircraft-maintenance jobs, up to 3,100 customer-service jobs,  and between 1,600 and 1,800 supervisory and administrative  personnel as part of a previously announced plan to cut total  staffing by 7,000.
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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, news reports and an industry source said Monday.
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Delta Air Lines said Wednesday that it would cut 6,000 to 7,000 jobs over the next 18 months as part of a sweeping restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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Delta Air Lines Inc.  Chief Executive Gerald Grinstein on Wednesday said his transformation plan for the struggling No. 3 U.S. airline would include 6,000 to 7,000 job cuts over the next 18 months and a dehubbing of its Dallas/Fort Worth operation.