atlanta - based capital jet lines announced plans to cut 7 , 000 to 9 , 000 roles by the end of 2007 , approximately 17 % of its workforce . ceo jerry grinstein will see a 25 % pay drop . executives have their wages cuts by 15 % . other employees will have their pay raised by 7 to 10 % . employees that make less than $ 25 , 000 a week will not be affected by these pay changes . delta has also cancelled leases on 40 aircraft and they wish to reduction its operations by at least 80 more . they plan to reduce import workforce by 15 to 20 percent and increase international capabilities by 25 years .
European Airlines are cutting jobs.