Delta Financing to Use Prepaid SkyMiles
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Shares of Delta Air Lines soared after the troubled airline said Monday it entered into a commitment letter with American Express Travel Related Services Co.
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As Delta Air Lines Inc. struggles to turn itself around, much of the focus has been on its call for concessions from pilots. But some analysts say Delta's massive debt is a bigger challenge -- and one that's more difficult to resolve outside of bankruptcy.
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SEATTLE - The Alaska Air Group has a marketing agreement with Delta Air Lines that will give passengers a wider choice of destinations.
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Delta Air Lines Inc. DAL.N said on  Monday it is meeting with bankruptcy lawyers to prepare in case  the carrier needs to file for bankruptcy protection, but added  that recent talks with pilots make it hopeful a pilot agreement  can be reached later this week.
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Leaders of Delta Air Lines (DAL:NYSE - news - research) pilots union have approved a tentative package of concessions and will send it to rank-and-file members for a vote.
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Delta Air Lines Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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Should you use special financing offers or pay cash?
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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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Delta Air Lines may still face bankruptcy despite of tentative agreement with its pilots dated late Wednesday. Late Wednesday, Delta reached an agreement with its pilots to cut costs in order for the carrier to survive.
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Retired pilots may fly planes for Delta Air Lines as part of an interim agreement as the pilots union seeks to head off Delta&#39;s potential bankruptcy deadline.
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If Delta Air Lines&#39; pilots approve contract concessions, they will be letting the company&#39;s regional subsidiaries and affiliates operate almost three times as many 70-seat regional jets as before.
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ATLANTA -- US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.
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ATLANTA -- Delta Air Lines Inc. said yesterday it has obtained up to $600 million in financing as the struggling carrier seeks to avoid bankruptcy.
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Delta will begin daily nonstop service to Berlin from New York-Kennedy Airport on May 2. It will be the only carrier offering nonstop flights from the U.S. to the German capital.
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Delta Air Lines (nyse: DAL - news - people ) on Monday said it inked a commitment letter from General Electric&#39;s (nyse: GE - news - people ) GE Commercial Finance arm for $500 million of financing.
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The massive restructuring and cost-cutting plan Delta Air Lines introduced Wednesday should help the financially struggling carrier reinvent itself over the long haul, experts and industry insiders say.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines shares rose sharply Wednesday ahead of a Thursday meeting at which the carrier is expected to offer its pilots a stake in the struggling company.