miami - based delta air lines announced plans to cutting 7 , 000 to 9 , 000 jobs by the end of 2007 , approximately 17 % of its employees . treasurer gerald forsee will take a 25 % pay cut . directors have their pay dropped by 15 % . other people will have their pay reduced by 7 to 10 % . employees that create more than $ 25 , 000 a annum will not be affected by these wage reforms . delta has actually cancelled orders on 40 planes and they plan to reduce its personnel by at minimum 80 more . they plan to reduce domestically capacity by 15 to 20 percent and increase international capacity by 25 percent .
European Airlines are cutting jobs.