Delta gets court approval to end pilot pension plan
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A U.S. bankruptcy court on Tuesday   allowed Delta Air Lines Inc. DALRQ.PK to terminate its   pilots' defined benefit pension plan, clearing a major hurdle   in its restructuring plans.
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Pilots at US Airways on Thursday  ratified a concession package that includes pay cuts of 18  percent, a decrease in company contributions to their  retirement plan and increased productivity.
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Delta Air Lines Inc., the third- largest US carrier, may avert a bankruptcy filing after winning agreement on wage and benefit concessions from its pilots union as part of an effort to reduce costs after losses widened.
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Delta Air Lines Inc. took a giant step away from bankruptcy with a tentative agreement on contract concessions from its pilots. But details on the proposal reached Wednesday were withheld while it was reviewed
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Delta&#39;s pilots union said today that it has tentatively agreed to the full $1 billion in wage and benefit reductions the airline said it needs to help it avoid bankruptcy.
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Delta Air Lines Inc.  has reached a tentative contract with its pilots that will save the cash-strapped airline &#36;1 billion annually, sending its shares soaring almost 25 percent on Thursday.
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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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After 15 months of negotiations, Delta Air Lines Inc. has secured a tentative contract with its pilots, a move that might help the struggling carrier avoid a Chapter 11 bankruptcy filing.
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Delta Air Lines&#39; pilot union has agreed to negotiate the early retirement issue that the company says could lead it into bankruptcy if it is not settled by the end of this month.
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Delta Air Lines, fighting to avoid bankruptcy, said yesterday that it had won approval to bypass shareholders to issue up to 75 million common shares.
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Pilots at Delta Air Lines Inc. DAL.N  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 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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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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United Airlines pilots would drop their opposition to the carrier's much-decried plan to eliminate traditional pensions under a tentative contract agreement approved by union leaders.
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Delta Air Line&#39;s pilots negotiation committee last night reached a tentative cost-cutting agreement with the Atlanta-based airline.
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Delta Air Lines Inc. DAL.N has  reached a tentative contract with its pilots that will save the  cash-strapped airline $1 billion annually, sending its shares  soaring almost 25 percent on Thursday.
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ATLANTA -- Delta Air Lines pilots handed the struggling airline a huge victory yesterday in its effort to avoid bankruptcy, agreeing to slash their salaries by more than $1 billion annually and forgo pay raises through 2009.