Delta Gets Up to $600M in New Financing
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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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Delta Air Lines revised its annual report yesterday 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 makes a $646m quarterly loss, increasing pressure on the airline as it attempts to ward off insolvency.
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Delta Air Lines world headquarters in Atlanta is shown in this Sept. 8 file photo. In a filing with the Securities and Exchange Commission, the airline reported that it expects its quarterly report to be released
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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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Mortgage lender New Century Financial Corp. , the subject of bankruptcy rumors on Thursday, said it had received $265 million in financing.
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Delta Air Lines Inc., struggling to cut costs to avert bankruptcy, said on Thursday it was amending its offer to exchange up to $680 million worth of its outstanding
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Delta Air Lines Inc. said Friday it is extending the offer to exchange up to $680 million in three series of newly issued senior secured notes to the holders of $2.6 billion of outstanding unsecured debt securities and enhanced pass through certificates.
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Delta Air Lines Inc. revised its annual report yesterday to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.&quot;
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Delta Air Lines&#39; (DAL:NYSE - news - research) future cash needs are looking greater than previously thought. Delta said Monday it will need $135 million in liquidity in early 2006 beyond what it has already
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Delta Airlines, operating under Chapter 11 bankruptcy protection, sees fourth-quarter net loss widened by 60%.
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United Airlines reached an agreement with creditors that, if approved, could eliminate $450 million of debt. The agreement concerns $600 million in municipal bond debt
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The Tracinda Corporation, the company owned by the financier Kirk Kerkorian, will pay $684 million to acquire a 35 percent stake in Delta Petroleum.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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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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Shares of Delta Air Lines Inc. DAL.N  jumped 21 percent on Tuesday, as Wall Street analysts said the  possibility of a near-term bankruptcy diminished with the  carrier securing additional financing and intensifying  concession talks with its pilots.
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Delta Air Lines Inc. said Monday that it has achieved $50 million of an estimated $135 million in additional liquidity that the company will need to meet financing commitments in early 2006, and said it is