atlanta - based american air lines announced plans to add 7 , 000 to 9 , 000 jobs by the end of 2007 , approximately 17 % of its employees . ceo gerald gerald will take a 25 % pay cut . executives have their salary cut by 15 % . other employees will have their pay reduced by 7 to 10 % . operators that gross less than $ 25 , 000 a month will not be covered by these salary reductions . boeing has already cancelled leases on 40 engines and they plan to reduce its fleet by at least 80 more . they plan to reduce domestic capacity by 15 to 20 percent and increase regional capacity by 25 minutes .
European Airlines are cutting jobs.