Airlines Hurting; Delta Hints At Layoffs

[OhioChick]

Source: Internet Broadcasting Systems, Inc. /AP

Tanking Economies Bite Global Travel

POSTED: 9:42 am EST December 2, 2008
UPDATED: 4:06 pm EST December 2, 2008

The world's largest air carrier, Delta Airlines, has hinted it may have to cut its payroll as the tanking global economy takes a bite out of the travel industry.

Delta disclosed in an investor conference that it will reduce its system capacity by 6-8 percent in 2009, compared to the current year.

Delta said domestic capacity in 2009 will be reduced 8 percent to 10 percent compared to 2008, while international capacity will be reduced 3 percent to 5 percent next year compared to this year.

The news comes as a global financial crisis hits airlines hard by reducing demand for seats.

Executives from the major airlines may discuss reductions in capacity at a conference on Tuesday in New York City.

Their pain is also being felt in the hotel industry and other sectors that cater to tourists.

Read more: http://www.newsnet5.com/money/18186225/detail.html

[Parche]

1. Delta NW Merger

I wouldnt read alot into this, as the 2 airlines just merged, and they always
cut the overlapping routes, and personel
Delta is probably going to cut down their Cincinnati hub alot, as Detroit is so close
and probably do the same with Memphis.
Keep Salt Lake, Minneapolis, Tokyo, JFK, Atlanta, Detroit

Fuel prices are going down alot also, that helps

[xchrom]

2. those are some pretty amazing reductions. nt

[bemildred]

3. Gosh, lousy management has consequences? nt

[DJ13]

4. So like when fuel prices are down and you keep fares high people dont fly?

Who'da thunk.........

[No Elephants]

5. They want them some "bailout" money, too. So do I. Where do I get on line?

[doodadem]

6. I finally get to fly back to see my folks next week

I haven't been able to do so now for 2 years. I can't believe it--fare prices are still sky high, and insult on injury--they're now charging you to check bags. $15 for your first bag, $25 for the next, and extra for anything over 50 pounds. I used to cram everything in a backpack, and just do carry on when I was just going back for a weekend. But going for a week, can't do it.