Delta Airlines to Layoff Thousands, Outlines Plan.

0 Comments | M2 Presswire, September, 2004

M2 PRESSWIRE-9 September 2004-Axcess News: Delta Airlines to Layoff Thousands, Outlines Plan(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:09092004 (AXcess News) Atlanta - One of the nation's largest air carriers, Delta Airlines (NYSE: DAL), said it would layoff thousands in an effort to lower costs, detailing its plan to transform the company.

Delta Air Lines' top executive today outlined key elements of the company's transformation plan intended to launch "the right airline for the new era" by improving its customers' traveling experience while simultaneously targeting more than $5 billion in annual cash savings by 2006. The company is on track to deliver by the end of this year through its previously announced Profit Improvement Initiatives (PII)...