Delta slashes 7,000 jobs, Dallas hub
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Airline warns it may file for bankruptcy if too many senior pilots take early retirement option. Delta Air LInes&#39; CEO says it faces bankruptcy if it can&#39;t slow the pace of pilots taking early retirement.
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DALLAS - American Airlines, struggling to compete with lower-overhead carriers, will cut more jobs to reduce costs, chief executive Gerard Arpey said Wednesday.
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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 said on  Tuesday it will cut wages by 10 percent and its chief executive  will go unpaid for the rest of the year, but it still warned of  bankruptcy within weeks unless more cuts are made.
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NEW YORK -- Delta Air Lines Inc. , the number three US carrier, said yesterday 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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Delta Air Lines is cutting pay, increasing employees&#39; share of health-care coverage and trimming retirement benefits - all to stave off bankruptcy.
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Delta Air Lines plans to close its Boston reservations call center Sept. 1, a move that will eliminate about 353 positions.
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AT&T Corp.  will cut about 7,000 jobs and reduce the value of its assets by &#36;11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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Forget cutting back. When it comes to Salt Lake City, Delta Air Lines is beefing up. Delta announced Wednesday that it plans to add 58 flights here while drastically cutting operations at its Dallas/Fort Worth hub.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said today that it expected to lose as much as $675 million for the third quarter, and that it was burning cash at a steep rate.
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Indianapolis, Sept. 8 - The news hit an already suffering industry hard. Delta Airline&#39;s restructuring calls for a reduction of ten percent of its workforce, or about 7,000 people.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , the No. 3 US carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between
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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 is to cut wages by 10 percent and its chief executive will go unpaid for the rest of the year, but it still warned of bankruptcy within weeks unless more cuts are made.
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Delta Air Lines Inc. DAL.N 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.
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In an effort to avoid bankruptcy Delta Air Lines Inc. announced that it is eliminating  7,000 jobs, closing its Texas hub and seeking wage concessions from its pilots.
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Delta Air Lines (DAL) is cutting the pay of executives, administrative staff and frontline employees by 10%, increasing the shared cost of health care coverage and making changes to retirement benefits as part of its turnaround plan.