A Delta Deal Buys Some Time
109020
The troubled airline has scored a money-saving pact with its pilots. But to avert a bankruptcy, more savings are needed. After more than a year of bargaining and some very high-pressure negotiating sessions
688170
ATLANTA -- The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid bankruptcy, but their new contract offers no guarantees for the company's future.
37254
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.
487281
Delta Air Lines Inc. has obtained up to $600 million in new financing and has agreed to conditions that require it to get court approval to repay the money even if it files for bankruptcy.
214630
ATLANTA - Delta Air Lines Inc.&#39;s tentative deal with pilots for $1 billion in concessions gives the nation&#39;s third-largest carrier much-needed breathing room.
463023
Business & money: Delta Two may have to raise offer to Â£7 a share.
251014
Delta Air Lines Inc. has a tentative pilot deal on concessions and much-needed breathing room, but hasn&#39;t detailed the progress of its crucial debt restructuring efforts.
680874
NEW YORK, Aug 18  - Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday it was asking permission to buy back debt from about 10 percent of its bondholders, in a first step toward the struggling company&#39;s efforts to restructure its ...
537493
Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
360335
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
674220
Delta Air Lines' pilots union said last night it had reached a tentative pact on concessions that could save the struggling carrier from bankruptcy.
633248
ATLANTA -- Delta Air Lines Inc. is considering exchanging some of its debt, possibly for equity in the company, as part of a larger effort to avoid bankruptcy.
434494
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.
263664
Air France-KLM and Delta Air Lines agree a transatlantic alliance which they say will offer more choice and value for passengers.
210139
With a tentative deal to cut $1 billion in pilot costs, Delta Air Lines appears to have beaten back the threat of bankruptcy -- at least for now, analysts say.
356459
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.
460205
CHICAGO: Pilots at Delta Air Lines have ratified a concession package that will save the carrier $1bn a year, in a move the company hopes will buy it time to recast outside of bankruptcy.