Delta soon will reveal low-cost airline

ATLANTA - Analysts said Friday that Delta Air Lines, hoping to cut into the market share of fast-growing discount carriers, is expected to unveil its new low-fare unit next week. <br> <br> Jamie Baker, an analyst with J.P. Morgan, said the airline-within-an-airline would help Delta compete against airlines such as JetBlue, AirTran and Southwest by reducing costs to flyers. <br> <br> Baker said Atlanta-based Delta, the nation&#39;s Number three airline, may avoid traditional congested hubs with its discount airline and concentrate on flying from the Northeast to the Southeast. <br> <br> Baker said, ``They will do anything to make the Delta unit more affordable to leisure passengers. The ultimate goal is to create a low-cost unit that passengers want to fly.&#39;&#39; <br> <br> Delta also was reportedly set to unveil $2.5 billion in additional cost cuts at an airline conference in Key Biscayne, Florida. Michele Burns, Delta&#39;s chief financial officer, was expected to detail how the cuts will be made over five years. <br> <br> Those reductions come on top of one billion dollars already cut. Delta last month said it will eliminate up to eight-thousand jobs. The entire airline industry has been weathering severe losses since the September eleventh terrorist attacks.