Problems at Delt Airlines

This article, "Delta Air Lines to Cut Up to 8000 More Jobs," reports that Delta Air Lines will cut 8000 more jobs this year than previously assumed due to a decline in profits reported last quarter. According to the article, this means there have been a total of 21,000 jobs cut, or approximately 25 percent of the company's workforce since the terrorist attacks on September 11, 2001. This is after posting a third-quarter loss of $326 million and announcing that it did not see any improvement in the foreseeable future ("Delta Air Lines. . .," 2002). Continental, Northwest, Southwest, and America West airlines also reported losses in their third-quarter statement. These airlines lost a combined total of $39 million, however, much

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