Delta To Cut Management Salaries in $4 billion Savings Effort | Aviation International News

Delta To Cut Management Salaries in $4 billion Savings Effort

The Atlanta-based airline is cutting total system capacity by 70 percent.

By Gregory Polek • Senior Editor

March 18, 2020

Delta Air Lines executive officers will take a 50 percent pay cut through June 30 and managing directors a 25 percent cut over the same period as part of a plan communicated Wednesday in a memo to employees from CEO Ed Bastian to cut cash expenditures by $4 billion in the fiscal quarter ending in June. Bastian, who announced last week he would forego a salary for the next six months along the rest of Delta’s board members, reported that the company is grounding at least half its fleet, or about 600 aircraft, and accelerating retirements of aging aircraft such as its MD-88/90s and some of its Boeing 767s.

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