Facing Fuel-Related Losses, Delta Offers Buyouts
Monday, May 9th, 2011
Delta Air Lines is cutting its payroll by offering buyouts and early retirements.
Amid high fuel costs that led to a first quarter loss, Delta plans to cut flight capacity at least 4 percent after Labor Day, and to retire more airplanes. The Atlanta-based airline on Friday said it also must cut costs associated with the flying by cutting its headcount.
More than 55,000 of Delta’s 80,000 employees are eligible for the buyouts, said Keyra Lynn Johnson, director of internal communications. She said there is no target number but added Delta expects the program to meet its needs for cuts among front-line employees, along with attrition and seasonal and extended leaves.
