Delta Offers Retirement Plans With Recovery Likely to Drag On

Delta Air Lines Inc. is offering new programs to entice workers to leave the carrier voluntarily as it expects a large scale recovery in coronavirus-devastated travel demand to take as long as three years.

The carrier on Thursday provided details to workers about an enhanced plan for long-term employees nearing retirement age or who have more than 25 years of service, and a separate program that covers other eligible workers. Delta is in talks with its pilots’ union for a similar early retirement plan, Chief Executive Officer Ed Bastian said in a letter to employees.

Delta joined other U.S. carriers ...