ATLANTA Delta Air Lines Inc. said Friday it will record an additional $103 million in charges related to job cuts and discontinued use of airport facilities.
The Atlanta-based company said in a Securities and Exchange Commission filing that the charges will be recorded in the second quarter, which ends June 30.
Delta said it expects to record a $95 million charge linked to workforce reduction programs and an $8 million charge related to the discontinued use of certain airport facilities.
Delta took a $16 million charge in the first quarter for the workforce reduction programs, but has said it expected the charge to increase significantly once the voluntary reduction commitments were finalized, which occurred in May.
Additional charges are expected in future quarters in connection with other announced initiatives, Delta said in Friday's filing.
Delta is cutting about 3,000 jobs. It said March 18 that its goal was to cut 2,000 frontline, administrative and management jobs through voluntary severance programs, attrition and other initiatives. The number of employees who have taken voluntary severance offers exceeded the company's goal by more than 1,000, and Delta is accepting all of the volunteers.
Several major airlines have announced they are cutting domestic capacity, deferring plane orders or shedding jobs because of soaring fuel prices.