Delta Air Lines Lays Off Corporate Employees Amid Rising Operational Costs

"Small Adjustment" in Corporate and Management Positions Expected to Balance Rising Fuel and Operational Costs; No Impact on Visible Staff Including Pilots and Attendants

• Delta Air Lines is laying off some of its corporate employees as part of efforts to manage rising operating costs, including higher costs for fuel and labor.
• The company hasn't disclosed the number of jobs it would be cutting, but the layoffs would affect only corporate and management positions, without causing any changes for frontline workers such as pilots, flight attendants, and mechanics.
• Despite achieving a profit of $1.1 billion for the third fiscal quarter, Delta mentioned that higher costs have impacted its financial results, and escalating fuel prices alone are forecasted to inflate Delta's expenses by $400 million over the second half of 2023.
• The layoffs come in the wake of cancellations of Delta's flights between Tel Aviv and New York through November 21st due to escalating tensions in the Middle East.
• Other airlines, like Southwest Airlines, Spirit Airlines, Frontier Airlines, and JetBlue Airways are also adapting their growth plans in response to the increasing operational costs and the pressure to reduce fares resulting from the industry's over capacity.

3 Articles

The Messenger Reuters CNBC