Delta to cut capacity and jobs
Portland Business Journal
Delta Air Lines Inc. will trim its capacity by up to 8 percent in 2009 and suggested more jobs cuts are on the way due to the global economic slowdown and softening traffic.
The Atlanta-based airline revealed the cuts in a memo to its 75,000 employees from CEO Richard Anderson and President Edward H. Bastian. The memo noted domestic capacity would shrink up to 10 percent while international capacity will be down up to 5 percent.
The memo also said Delta (NYSE: DAL) might soon cut more jobs, noting the airline is “analyzing the impact on staffing as it pertains to these capacity reductions and, as in the past, we will offer voluntary programs to adjust staffing needs.”
Delta is the sixth largest commercial-passenger airline at Portland International Airport, according to the Portland Business Journal’s 2008 Book of Lists.
Related Industry News |
Latest News |
Most Viewed Stories |
Most Emailed Stories |
