Report: Delta Issues Layoff Warnings to Pilots
Delta Air Lines (NYSE: DAL) has issued notices to 2,558 pilots warning of potential layoffs, Bloomberg reported on Thursday, a worrisome sign of what to expect from airlines this fall if passenger traffic does not return and the industry is forced to dramatically shrink its operations.
Delta had hinted that it would soon send out furlough notices to pilots last week after it reached an agreement with its pilots' union on an early-retirement package. About 7,900 pilots would qualify for the early-retirement option, but the company has warned that the number who choose to take the package might not be high enough to allow it to avoid additional job cuts.
Image source: Delta Air Lines.
Source Fool.com
