Bankruptcy reportedly likely for Delta
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as early as next week, a source familiar with the matter said Friday.
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NEW YORK, October 20  - Delta Air Lines (DAL.NYS) has inched further towards a potential bankruptcy, with the company&#39;s 3Q04 losses nearly quadrupling from the year-ago levels.
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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday its auditors have expressed doubt about the airline&#39;s financial viability.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said today that it expected to lose as much as $675 million for the third quarter, and that it was burning cash at a steep rate.
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Washington, Oct. 24 (PTI): Delta Airlines, Americaâs third largest airline, could file for bankruptcy protection as soon as next week.
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ATLANTA -- Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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Three of the nation's largest airlines could be operating under bankruptcy protection in coming weeks, analysts say, the latest sign of the industry's upheaval as it lurches through a  transformation.
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Delta Air Lines Inc. said Wednesday that it revised its 2003 annual report to disclose the possibility that the company will file for Chapter 11 bankruptcy protection in the near term.
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Delta Air Lines Inc. DAL.N could  file for Chapter 11 bankruptcy protection as soon as next week,  the Washington Post reported in its Saturday edition, citing an  unnamed source familiar with the situation.
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A group of nine unsecured creditors of  Delta Air Lines Inc.  have formed an unofficial  committee to represent their interests, as the bankrupt carrier  faces a takeover bid, according to court filings on Thursday.
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The third-quarter losses loomed largest at Delta Air Lines Inc., which faces bankruptcy unless it can quickly win concessions from its pilots and debt holders.
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In what could be its final quarterly financial update before filing for Chapter 11, Delta Air Lines Inc. has reported a net loss of $646 million on $3.
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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday it was revising its last annual report to reflect its worsening financial condition and to include the possibility of filing for bankruptcy protection.
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Delta Air Lines late Wednesday revised its annual report to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier's pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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Delta Air Lines is to cut wages by 10 percent and its chief executive will go unpaid for the rest of the year, but it still warned of bankruptcy within weeks unless more cuts are made.
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Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.