Delta trading takes off after pilots give up $1 billion
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Shares of Delta Airlines are taking off in record trading on the New York Stock Exchange Thursday morning, after the company and its pilots agreed to a deal the parties hope will signal a return to better times.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
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Delta Air Lines and its pilots union recessed today without reaching an agreement on pay cuts that are key to the carrier&#39;s efforts to avoid bankruptcy.
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Negotiators for the Air Line Pilots Association and Delta Air Lines held unusual weekend talks, a sign of the deadline pressure both sides are feeling to agree on $1 billion in wage and benefit cuts before the third largest airline is forced into Chapter
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nearly four times its losses from a year ago -- as the company again warned it needs pilots to take a massive $1 billion
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ATLANTA - Delta Air Lines Inc.&#39;s tentative deal with pilots for $1 billion in concessions gives the nation&#39;s third-largest carrier much-needed breathing room.
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Delta Air Lines Inc.'s pilots union on  Tuesday directed its negotiators to work out an agreement to  address the early retirement of a large number of pilots, which  threatens to push the No. 3 U.S. airline into a Chapter 11  bankruptcy filing.
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ATLANTA -- Pilots for Delta Air Lines have begun to cast ballots on a union contract proposal that would slash their salaries by nearly a third.
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Pilots at Delta Air Lines Inc.   voted to approve a new contract with the company,  clearing one major hurdle in the bankrupt carrier&#039;s  restructuring plan, the airline and the union said on  Wednesday.
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The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid
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In an effort to avoid bankruptcy Delta Air Lines Inc. announced that it is eliminating  7,000 jobs, closing its Texas hub and seeking wage concessions from its pilots.
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Shares of Delta Air Lines Inc. jumped on Thursday after the company and its pilots union reached a tentative contract that will save the cash-strapped carrier $1 billion a year.
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A pay cut deal between Delta Air Lines and its pilots union didn&#39;t materialize Tuesday, though investors apparently think the airline&#39;s chances of sidestepping bankruptcy are improving.
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NEW YORK - Recent reports on the Delta Air Lines pilots&#39; agreement focus on the carrier&#39;s pilots being the highest paid in the industry and on the possibility that the company may still declare bankruptcy, despite the $1 billion cost-cutting deal
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Pilots at Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) on Thursday ratified a concession package that will save the carrier $1 billion a year, in a move the company hopes will buy it time to restructure outside of bankruptcy.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, a deal that could save it from bankruptcy.
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Pilots at Delta Air Lines Inc.  on Thursday ratified a concession package that will save the carrier &#36;1 billion a year, in a move the company hopes will buy it time to restructure outside of bankruptcy.