Delta lays off some corporate workers to cut costs
"While we're not yet back to full capacity, now is the time to make adjustments to programs, budgets and organizational structures across Delta to meet our stated goals," the company told Reuters in an emailed statement.
Delta Air Lines (DAL.N) said on Wednesday it is cutting some corporate jobs to better manage costs, at a time when the industry grapples with higher fuel and labor expenses.
Delta did not specify how many jobs it is cutting, but said the layoffs do not affect frontline workers like pilots or flight attendants.
"While we're not yet back to full capacity, now is the time to make adjustments to programs, budgets and organizational structures across Delta to meet our stated goals," the company told Reuters in an emailed statement.
"One part of this effort includes adjustments to corporate staffing in support of these changes."
CNBC first reported the layoff news.
The cuts come after Georgia-based Delta said earlier in the day that it would cancel its flights between Tel Aviv and New York through Nov. 21 amid growing tensions in the Middle East.
In October, the company trimmed its full-year profit outlook due to higher fuel costs. Rising fuel prices are estimated to inflate Delta's costs by $400 million in the second half of the year.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:18 AM IST