Business Services Industry
Delta Air Lines to Cut Flights, Lay Off Pilots Due to Travel Industry Downturn.
Knight Ridder/Tribune Business News, April, 2003
By Todd Pack, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Apr. 18--Delta Air Lines, facing what it calls the worst financial crisis in its 79-year history, posted a wider first-quarter loss Thursday and said it will eliminate flights and furlough 200 pilots in April and May because of a war-related drop in demand.
The nation's third-largest airline will try to save money by cutting some international and domestic flights and flying smaller planes into and out of its Dallas/Fort Worth hub. It also will defer some aircraft deliveries through the end of the year.
Chairman Leo Mullin said Delta will use the deep wage and benefit concessions agreed to this week at American Airlines as context for talks with its pilots,...
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