Delta To Buy Out Employees, Offer Early Retirement (DAL)

Delta Air Lines Inc. DAL said today that in light of rising fuel costs, the company will offer voluntary early retirements and buyouts to its employees. CEO Richard Anderson said today that the company will will cut capacity by at least 4%, which starts in September. At last check, shares of Delta were off 9 cents to $11.13, a loss of 0.8% on 13.4 million shares. Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. It operates from airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St.