Delta plans massive cuts after merger collapse

Delta Air Lines plans to cut at least 2,000 jobs and shrink its domestic capacity another 5 percent as part of a strategy to deal with jet fuel prices that have climbed 85 percent in the past year and forced the airline to overhaul its business plan, reports the Salt Lake Tribune. The nation’s No. 3 carrier will extend a buyout offer to 30,000 eligible employes, hoping that plus attrition and retirements will lead to 2,000 fewer jobs. The news comes in the wake of the disintegration of merger talks between Delta and Northwest — a marriage Northwest’s pilots union leaders yesterday declared “too risky,” according to Bloomberg News.