Quote:
Originally Posted by drosenst
As of now it does not look like there will be a flow down. There seems to be a new class starting every month and 6 upgrades were posted in the vacancy bid today.
Don't speak so soon. We'll see what happens to that X factor next month.
Losses drive more job cuts at Delta
Megan Kuhn, Washington DC (07Aug09, 23:32 GMT, 152 words)
More job cuts are forthcoming at loss-making Delta Air Lines, which reported a net loss of $257 million for the second quarter of 2009.
The recession, along with the H1N1 virus, has driven down the Atlanta-based operator's revenues by more than $3 billion during the first six months of this year.
"That equates to more than $40,000 in lost revenue per employee," Delta CEO Richard Anderson and Delta subsidiary Northwest Airlines CEO Ed Bastian say in a memo to company officers and directors. They add that they do not expect revenues to improve significantly this year.
So, Delta must eliminate more salaried positions beyond the management and administrative posts cut during the past 18 months, the CEOs say.
They note that previous frontline cuts occurred though voluntary programmes. "However, we must more aggressively manage general and administrative costs," they say.
In addition, Delta will trim its budget for vendors and professional services.
Source: Air Transport Intelligence news