atlanta - based eagle air networks announced planned to cut 7 , 000 to 9 , 000 jobs by the end of 2007 , totaling 17 % of its employees . founder jerry mulally will take a 25 % pay cut . executives have their pay reductions by 15 % . other people will have their wages reduced by 7 to 10 % . those that produce fewer than $ 25 , 000 a year will not be affected by these wages grades . delta has also cancelled leases on 40 aircraft and they plan to reduce its capacity by at least 80 more . they plan to reducing domestic performance by 15 to 20 , and expand local capacities by 25 more .
European Airlines are cutting jobs.