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Delta cuts more jobs to avoid bankruptcy
Troubled Delta Air Lines has attempted to improve its financial position by cutting more jobs at its Cincinnati hub, adding international flights and selling 11 airplanes.
The move comes as speculation mounts that it will be the next US airline to seek bankruptcy protection.
The airline, which reported losses of $1.5 billion to the end of June, said up to 1,000 jobs could go in the latest wave of cost cutting. It already axed 7,000 job a year ago.
Delta said it will also reduce capacity at Cincinnati/Northern Kentucky International Airport by 26% and will also end some of its direct service from there.
Delta earns about 20% of its revenues from international operations and wants to increase that figure to 40%, said spokesman Doug Blissit.
In a further move, the carrier is to selling planes as part of its plan to increase fuel efficiency.
Report by David Wilkening
David
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