The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

Delta lays off some corporate workers to cut costs

FILE PHOTO: New Delta Airlines Terminal C at LaGuardia Airport is completed in New York
April 26, 2024
Reuters - Reuters

(Reuters) - Delta Air Lines said on Wednesday it is cutting some corporate jobs to better manage costs, at a time when the industry grapples with higher fuel and labor expenses.

Delta did not specify how many jobs it is cutting, but said the layoffs do not affect frontline workers like pilots or flight attendants.

"While we're not yet back to full capacity, now is the time to make adjustments to programs, budgets and organizational structures across Delta to meet our stated goals," the company told Reuters in an emailed statement.

"One part of this effort includes adjustments to corporate staffing in support of these changes."

CNBC first reported the layoff news.

The cuts come after Georgia-based Delta said earlier in the day that it would cancel its flights between Tel Aviv and New York through Nov. 21 amid growing tensions in the Middle East.

In October, the company trimmed its full-year profit outlook due to higher fuel costs. Rising fuel prices are estimated to inflate Delta's costs by $400 million in the second half of the year.

(Reporting by Gursimran Kaur and Utkarsh Shetti; Editing by Subhranshu Sahu)

Related

Business|Economy|Political|Technology|US

Chip industry groups slam expected rules in private letter to Biden

A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to U.S.

Chip industry groups slam expected rules in private letter to Biden
Business|Crime|Finance|Technology|US

SEC sues Elon Musk, saying he didn't disclose Twitter ownership on time before buying it

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site

SEC sues Elon Musk, saying he didn't disclose Twitter ownership on time before buying it
Business|Economy|Europe|Finance|Political

UK stagflation risk adds pressure on Reeves after market volatility

British inflation figures will be closely watched on Wednesday as a sharp jump in government borrowing costs, concerns about domestic and global price pressures and

UK stagflation risk adds pressure on Reeves after market volatility
Americas|Business|Economy|Political

Canada clears $34 billion Bunge-Viterra merger with conditions

Canada on Tuesday approved with conditions U.S. grains merchant Bunge's $34 billion merger with Glencore-backed Viterra, clearing one of the final remaining

Canada clears $34 billion Bunge-Viterra merger with conditions
Share This

Popular

Business|Economy|Europe|Finance

Euro zone households could increase consumption, ECB chief economist says

Euro zone households could increase consumption, ECB chief economist says
Asia|Business|Economy|Finance|Political|Stock Markets

Foreigners sold South Korean equities last month by most since early 2020

Foreigners sold South Korean equities last month by most since early 2020
Business|Political|Technology|US

TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline

TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
Asia|Business|Economy|Finance|Political

Japan likely to miss primary budget surplus target for FY2025, sources say

Japan likely to miss primary budget surplus target for FY2025, sources say