A familiar story these days:
Delta cutting up to 7,000 jobs
Staff report
Published on: 09/08/04
Delta Air Lines will cut up to 7,000 jobs as part of a new effort to slash costs and regain financial altitude.
The airline also will close its connecting hub at Dallas-Fort Worth International Airport.
Other moves unveiled today include:
—Additional planes for Song, Delta's low-cost unit.
—Growth in flights at Delta's hubs in Atlanta, Cincinnati and Salt Lake City.
—Changes in scheduling designed to use airplanes and flight crews more efficiently.
—Plans to revamp the SkyMiles frequent flier program and other service elements such as food and seating. Details of those changes are still being worked out, however.
Delta CEO Gerald Grinstein laid out the recovery moves at a management meeting in Atlanta this morning.
They come as the airline tries to stave off a possible bankruptcy filing after three years of net losses totaling $5.6 billion.
Delta's latest job cuts follow two previous waves of cuts in the past three years.
Delta said those moves trimmed about 16,000 jobs, although the company's total headcount has only fallen about 10,000 since mid-2001 because of hiring at subsidiary regional carriers.
Delta's hub in Dallas, where it is a distant second in market share to hometown giant American Airlines, has been shrinking for years.
Delta has about 4,000 workers at the hub, including a maintenance operation.
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