Plunging Delta slashes jobs
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DELTA Air Lines yesterday announced a massive restructuring plan that would cut 6000 to 7000 jobs and slash more costs, but nonetheless warned that bankruptcy remained &quot;a real possibility&quot;.
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Delta Air Lines Inc. , which is racing to cut costs to avoid bankruptcy, on Wednesday reported a wider quarterly loss amid soaring fuel prices and weak domestic airfares.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) said on Tuesday it will cut wages by 10 percent and its chief executive will go unpaid for the
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The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid
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Delta Air Lines on Wednesday said it plans to cut between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits in a bid to avoid bankruptcy.
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Delta Air Lines Inc. DAL.N said on  Wednesday it would cut 6,000 to 7,000 jobs, or about 10 percent  of its work force, over the next 18 months and drop Dallas/Fort  Worth as a hub as it tries to avert bankruptcy.
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Delta Air Lines will cut up to 7,000 jobs, or 10 percent of its overall work force, during the next 18 months, company CEO Gerald Grinstein said Wednesday.
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Delta Air Lines is planning to cut 7,000 jobs, or about 10% of its workforce, as the US carrier fights to avoid bankruptcy.
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Delta Air Lines DAL.N on Wednesday  said it plans to eliminate between 6,000 and 6,900 jobs during  the next 18 months, implement a 10 percent across-the-board pay  reduction and reduce employee benefits.
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In calling for a 10 percent staff pay cut, Delta Air Lines Inc. CEO Gerald Grinstein announced Tuesday he will decline his own salary for the remainder of the year.
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Layoffs by Delta Airlines in Dallas are being felt in Tulsa. Delta announced Wednesday they&#39;re cutting 7,000 jobs by drastically downsizing their Dallas hub.
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Employees at US Airways, Delta and United are facing the stark realization that the security they hoped their jobs would provide is being taken away.
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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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ATLANTA - Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.    But even with those changes - part of a $5 billion cost-saving program - CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September...
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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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ATLANTA -- Pilots for Delta Air Lines have begun to cast ballots on a union contract proposal that would slash their salaries by nearly a third.
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Delta Air Lines Inc.  on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.