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Old 12-10-2007 | 09:42 AM
  #9  
Deez340
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For what it's worth, here is the latest from the horse's mouth on the subject. Although he doesn't specify what RJ's are being removed.


December 10, 2007


Richard Anderson reaffirmed that we still expect to see profit sharing payouts early next year despite the impact of high fuel prices on our fourth quarter financial performance. In his weekly Right from Richard employee update, he said we expect profit sharing payments to be made in mid-February.
“We will still have a good profit sharing payout,” Richard said. “It is scheduled for Feb. 14. We have been accruing for profit sharing each quarter, and it’s based in the full-year performance, not one individual quarter. We may lose money in the fourth quarter, principally because of fuel, but that won’t affect our ability to still pay out a profit sharing check on Feb. 14.”
Richard also recapped comments that Ed Bastian, president and CFO, made last week, laying out some of the steps we’re taking in the face of record high fuel prices.
“We’re taking a proactive response to high fuel costs by making strategic domestic capacity reductions,” Richard said. “We’re going to take about 35 regional jets out of the schedule. We’re going to be very mindful of our capital spending and we’re going to be very careful about hiring overhead positions in the corporate headquarters. We’re not going to have layoffs. [Higher costs] will cause us to not hire as many people as we were going to hire, and as people leave the company through attrition, we won’t be backfilling in the noncustomer-facing positions. Our goal is to be certain that our airline stay profitable and that you have a secure place to work.”
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