atlanta - centered georgia air lines reportedly plans to cut 7 , 000 to 9 , 000 people by the end of 2007 , approximately 17 % of its employees . ceo harold bewkes will take a 25 % pay cut . executives have their jobs dropped by 15 % . other employees will have their pay reduced by 7 to 10 % . employees that make little than $ 25 , 000 a semester will not be covered by these wage cuts . delta has already closed leasing on 40 ships and they plan to cut its fleet by at least 80 more . they plan to lower domestic capacity by 15 to 20 times and increase world capacity by 25 times .
European Airlines are cutting jobs.