Delta dodges bankruptcy with labor deal
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Deal cuts pilots&#39; pay by one third, saves $1Ba year, avoids bankruptcy at No. 3 airline -- for now. NEW YORK (CNN/Money) - Delta Air Lines&#39; pilots union said early Thursday it had reached a tentative agreement
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Union says pilots may retire en masse to get payments rather than ride out possible bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Delta Air Lines' pilots union said late Wednesday it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
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Delta Air Lines&#39; pilots union says it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
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Delta Airlines has reached a tentative  agreement with its pilots union on wage and benefit cuts aimed  at avoiding a bankruptcy filing, The Wall Street Journal said  in a report late Wednesday on its Web site.
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NOVEMBER 12, 2004 -- The union representing Delta Air Lines&#39; pilots yesterday announced its membership had widely approved an agreement that cuts the carrier&#39;s labor costs by $1 billion annually.
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The labor cost and productivity problems of major airlines have been intractable for a couple of decades, which makes imminent pay concessions by Delta pilots a hopeful event for the airline, lenders, investors and the industry.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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Shares of Delta Air Lines Inc. DAL.N  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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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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No. 3 US airline gets commitment from GE Commercial Finance as it looks to avoid bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Delta Air Lines Inc.'s tentative deal with pilots for $1 billion in concessions gives the nation's third-largest carrier much-needed breathing room. But its crucial debt restructuring efforts remain a work in progress, and Delta's chief executive cautioned yesterday that bankruptcy remains a possibility.
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Delta Air Lines Inc. , struggling to avoid a bankruptcy filing, may reach an agreement this week with pilots to prevent retirements that would disrupt flights, chief executive Gerald Grinstein said.
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Delta Air Lines is cutting pay, increasing employees&#39; share of health-care coverage and trimming retirement benefits - all to stave off bankruptcy.
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Delta Air Lines&#39; pilots union said Wednesday night it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
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Delta Air Lines yesterday announced plans to cut up to 6,900 jobs over the next 18 months as it struggles to avoid bankruptcy. The airline is in the midst of a restructuring designed to cut $5bn (Â£2.