Delta to Offer Severance to 30,000

Delta Air Lines says it will offer voluntary severance payouts to roughly 30,000 employees—more than half its workforce—and cut domestic capacity by an extra 5 percent this year as part of an overhaul of its business plan to deal with soaring fuel prices.

Executives at Atlanta-based Delta said in a memo to employees Tuesday that the airline's goal is to cut 2,000 frontline, administrative and management jobs through the voluntary program, attrition and other initiatives.