Atlanta-based Delta Airlines, Inc. speculated on Tuesday that more job cuts would be on the way as it announced that it will reduce consolidated system capacity by 6-8% in 2009.

The news comes as a global financial crisis hits airlines hard by reducing demand for seats.

Chief Executive Richard Anderson said in a memo to employees, “Once again, Delta must take the necessary steps to adjust our business accordingly and make certain seat capacity meets customer demand.”

The memo also said Delta is analyzing the impact on staffing as it pertains to the planned further capacity reductions.

Delta President, Ed Bastian said Delta hasn’t been able to fully realize the benefit of the drop in fuel prices recently because of bad bets on fuel hedges the airline took part in while fuel prices were at record levels over the summer.

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