This article from NYTimes.com has been sent to you by psa188@xxxxxxxxx /-------------------- advertisement -----------------------\ From the warped minds behind SUPER TROOPERS... Fox Searchlight Pictures is proud to present BROKEN LIZARD'S CLUB DREAD in theaters everywhere FEBRUARY 27. Surrounded by limber, wanton women on a booze-soaked island resort owned by Coconut Pete (Bill Paxton) - a rock star has-been. But the non-stop party takes a turn for the weird when dead bodies start turning up faster than you could drink a rum punch. Watch the trailer and join the bloggin fun on the official website at http://www.clubdread.com \----------------------------------------------------------/ Delta Cuts Back on Jet Order to Save Money February 11, 2004 By MICHELINE MAYNARD Delta Air Lines, which is on an aggressive cost-cutting drive, said yesterday that it would not add five Boeing 777 long-range jets to its fleet over the next two years as it had planned to do. The action is the latest in a series of moves announced by the airline, which is struggling to be profitable amid a stiff challenge from low-fare airlines. Delta, the industry's third-biggest airline, behind AMR's American and UAL's United, is trying to keep up with cost cuts by rivals. Delta, based in Atlanta, said it would defer the delivery of two Boeing 777-200 jets to the second half of 2005 from the first half, and then sell them. It also said that it would not keep three 777 jets that it has ordered for delivery in 2006. Delta said it would either sell those jets or exchange them for other Boeing aircraft. It did not say which aircraft it might buy instead. The airline said that it would continue to operate the eight Boeing 777 jets in its fleet and that it was pleased with their performance. Delta said the move could ultimately reduce its capital spending $300 million if it is able to find buyers for the planes. The Boeing Company had no comment. The action was the first time an airline had changed an order with Boeing since Continental Airlines canceled plans in 2003 to buy Boeing 757 medium-range jets. It decided to take the smaller Boeing 737 instead. Boeing will end production of the 757 this year. It plans to replace the 757 and its sister jet, the 767, with a new aircraft, the 7E7, which it recently put on sale. Boeing has yet to receive firm orders for the 7E7. Delta's chief executive, Gerald Grinstein, who took office on Jan. 1, has ordered a top-to-bottom review of the airline to find ways it can save money and streamline its operations. Delta's announcement came five days after the airline said it would curb its expansion plans at Song, its low-fare airline. Song, which planned to add a number of flights from Kennedy Airport this year, said it would add only two. Song also said it would discontinue service between Washington Dulles International Airport and Orlando, Fla., in April. In addition, Delta said on Friday that that it had privately placed $325 million in convertible senior notes with an unidentified institutional holder, thought by analysts to be Morgan Stanley. Last year, Delta began talking with its pilots' union about proposed contract concessions, which Delta says would bring its wages and benefits closer to those at American and United. Both have won cuts from their unions over the last year, United under Chapter 11 bankruptcy protection and American by threatening to file for bankruptcy. But two weeks ago, Delta's pilots said hope was fading for a deal before their contract runs out in 2005. Delta wants a 30 percent cut in wages. Pilots said they would accept a 9 percent cut and give up a 4.5 percent increase scheduled this year. Delta's pilots said they might wait until the normal start of negotiations, planned for later this year, to hold further talks with the airline. http://www.nytimes.com/2004/02/11/business/11air.html?ex=1077508750&ei=1&en=80ee753edf6ffabc --------------------------------- Get Home Delivery of The New York Times Newspaper. Imagine reading The New York Times any time & anywhere you like! Leisurely catch up on events & expand your horizons. Enjoy now for 50% off Home Delivery! Click here: http://www.nytimes.com/ads/nytcirc/index.html HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact onlinesales@xxxxxxxxxxx or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@xxxxxxxxxxxx Copyright 2004 The New York Times Company