Delta Air Extends Debt Offer
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Delta Air Lines (DAL:NYSE - news - research) wants to give bondholders more time to think about trading in some $2.6 billion of unsecured debt for $680 million worth of new secured notes.
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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.
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Delta Air Lines announced two financing deals yesterday, but its most sought-after agreement, with its pilots&#39; union, remained elusive.
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Bankrupt Delta Air Lines Inc.  said on Monday its creditors agreed to allow the carrier to give retired pilots an additional $719 million in pre-petition claims to help them recoup lost pension benefits.
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Bankrupt Delta Air Lines Inc.   said on Monday its creditors agreed to allow the  carrier to give retired pilots an additional $719 million in  pre-petition claims to help them recoup lost pension benefits.
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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  on US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  concerning US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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Delta Air Lines announced two financing deals on Monday, but its most sought-after agreement, with its pilots&#39; union, remained elusive.
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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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United and Delta airlines on Friday matched an airfare increase that American Airlines launched, but it wasn&#39;t clear whether other competitors would follow.
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Delta Air Lines has warned repeatedly that a bankruptcy filing could come within weeks if settlements aren&#39;t reached soon with its pilot union and its debt holders.
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ATLANTA - Delta Air Lines Inc. is selling eight jumbo jets to shipping giant FedEx Corp. The nation&#39;s third-largest airline, which has warned of the possibility of a bankruptcy filing, said Thursday the agreement
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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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Delta Air Lines agreed to give its retired pilots an additional $719 million in unsecured claims in its bankruptcy case.
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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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Bankrupt Delta Air Lines  said on Wednesday its fourth-quarter net loss widened by 60 percent, hurt by reorganization costs and special items.
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Delta Airlines, operating under Chapter 11 bankruptcy protection, sees fourth-quarter net loss widened by 60%.