Delta Reduces Expenses by Cutting Jobs, Closing Hub
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Delta Air Lines will cut up to 7,000 jobs, reduce pay for other workers and close its Dallas hub as part of an effort to slash nearly $3 billion more in annual costs and chart a course toward financial recovery.
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Atlanta | Delta Air Lines is cutting the pay of executives, administrative staff and front-line employees by 10 percent, increasing the shared cost of health care coverage and making changes to retirement benefits as part of its turnaround plan.
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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&#39; jolting move Wednesday to shut down its hub at Dallas-Fort Worth International Airport will result in fewer flight options for travelers while aiding its competitors.
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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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Delta Air Lines Inc. DAL.N, 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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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 Inc. DAL.N on Tuesday  said it will reduce executive and employee pay by 10 percent  starting in January and its CEO will go unpaid for the rest of  the year as it tries to cut costs to avert bankruptcy.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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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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Delta Air Lines, the third-largest carrier in the United States, announced Wednesday it will cut 7,000 jobs -- 10 percent of its workforce -- during the next 18 months and will slash wages.
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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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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 Inc., the No. 3 U.S.  carrier, said on Wednesday it is cutting its airfares by as  much as 50 percent for travel in the continental United States.
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CHICAGO - Delta Air Lines (DAL) said Wednesday it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10% across-the-board pay reduction and reduce employee benefits.
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Delta Air Lines&#39; much-awaited turnaround plan will include more job cuts at the ailing carrier, along with pay and benefits changes.
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NOVEMBER 12, 2004 -- The union representing Delta Air Lines&#39; pilots yesterday announced its membership had widely approved an agreement that cuts the carrier&#39;s labor costs by $1 billion annually.