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Delta Will Cut 15% Of Staff
To Offset Declining Travel
1Delta was the last of the major carriers to announce job cuts in the aftermath of the attacks. Including Delta's 13,000 job cuts, U.S. airlines will trim about 93,000 jobs by the end of 2002. The industry could lose $7 billion this year. Delta CEO Leo Mullin expects a big sales drop through next year, saying the carrier is "way below" its break-even load factor of 65%. Delta's share of $5 bil in emergency cash from the U.S. will provide only short-term financial relief, he added. Southwest remains the only major airline that hasn't announced cuts.More on A4
Stocks End Two-Day Rally
As Chips and Cyclicals Fall
2All four major indexes started the day up, but soon lost ground. The Dow fell 1.1% on lighter volume. IBM, Caterpillar and Honeywell led the index down. Utility and oil and gas …