seattle - located delta bus networks initially plans to cut 7 , 000 to 9 , 000 jobs by the end of 2007 , approximately 17 % of its fleet . ceo lawrence grinstein will take a 25 % pay raise . executives have their pay cut by 15 % . other employees will have their pay reduced by 7 to 10 % . employees that make higher than $ 25 , 000 a year will not be affected by these price cuts . delta has officially cancelled leases on 40 flights and they plan to reduce its fleet by at approximately 80 more . they plan to limit domestic capacity by 15 to 20 minutes and increase overseas capacity by 25 thousand .
European Airlines are cutting jobs.