buffalo - based delta jet lines announced plans to do 7 , 000 to 9 , 000 jobs by the middle of 2007 , comprising 17 % of its employees . ceo gerald ballmer will take a 25 % pay cut . executives have their wages restored by 15 % . other employees will have their pay reduced by 7 to 10 % . employees that make less than $ 25 , 000 a night will not be affected by these pay cuts . delta has reportedly cancelled leased on 40 aircraft and they are to reduce its crew by at approximately 80 more . they expected to reduce passenger capacity by 15 to 20 percent and reduce foreign output by 25 percent .
European Airlines are cutting jobs.