Delta to Overhaul Routes, Take Charge

Delta Air Lines Inc. announced plans to overhaul its transatlantic and intra-European flights to bolster profits and said it will take a one-time restructuring charge of $60 million in the first quarter. The changes, aimed at boosting Delta’s annual operating income by $62 million, will result in 600 to 800 job cuts in Germany and additional layoffs in Romania, Russia and Poland. The Atlanta-based carrier had operating profit of $463 million in the year ended June 30. Under the plan, Delta will add domestic and European flights from New York’s John F. Kennedy International airport, discontinue service to certain European cities and restructure its operations in Frankfurt. Delta’s stock rose $2.25 to close at $72.125 on the New York Stock Exchange.