atlanta - based delta air lines announced plans to cut 7 , 000 to 9 , 000 roles by the end of 2007 , approximately 17 % of its revenue . executive gerald grinstein will take a 25 % pay cut . executives have their compensation cut by 15 % . other officials will have their pay reduced by 7 to 10 % . employees that make smaller than $ 25 , 000 a season will not be affected by these pay cuts . delta has already terminated leases on 40 more and they plan to shrink its fleet by at least 80 more . they plan to reduced domestic capacities by 15 to 20 employees and increase international capacity by 25 percent .
European Airlines are cutting jobs.