Delta to cut jobs, costs, but still warns of bankruptcy
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Delta Air Lines announced a massive restructuring plan that would cut 6,000 to 7,000 jobs and slash more costs, but nonetheless warned that bankruptcy remains &quot;a real possibility.
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Union says pilots may retire en masse to get payments rather than ride out possible bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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Delta Air Lines signaled Friday its grim financial picture is worsening, putting more pressure on negotiations with pilots and creditors to avert a bankruptcy court filing.
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Saying that bankruptcy was &quot;a real possibility,&quot; Delta Air Lines yesterday announced a sweeping plan - including up to 7,000 job cuts - aimed at keeping one of the nation&#39;s oldest carriers
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CHICAGO -- United Airlines said yesterday further job cuts will be necessary as it continues slashing costs to get out of bankruptcy.
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NEW YORK, October 20  - Delta Air Lines (DAL.NYS) has inched further towards a potential bankruptcy, with the company&#39;s 3Q04 losses nearly quadrupling from the year-ago levels.
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier which has been restructuring in efforts to avoid  a bankruptcy filing, is expected to slash fares and remove  restrictive rules such as Saturday-night stays, Time magazine  reported in its online edition on Sunday.
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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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NEW YORK - Recent reports on the Delta Air Lines pilots&#39; agreement focus on the carrier&#39;s pilots being the highest paid in the industry and on the possibility that the company may still declare bankruptcy, despite the $1 billion cost-cutting deal
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Delta Air Lines Inc. , the No. 3 U.S. carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between 1,600 and 1,800 supervisory and administrative personnel as part of a previously announced plan to cut total staffing by 7,000.
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Delta Air Lines&#39; much-awaited turnaround plan will include more job cuts at the ailing carrier, along with pay and benefits changes.
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Layoffs by Delta Airlines in Dallas are being felt in Tulsa. Delta announced Wednesday they&#39;re cutting 7,000 jobs by drastically downsizing their Dallas hub.
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No. 3 airline says loss to be worse than forecasts; gives new warning of bankruptcy threat. NEW YORK  - Delta Air Lines Inc.
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Delta Air Lines Inc. DAL.N said on  Tuesday it will cut wages by 10 percent and its chief executive  will go unpaid for the rest of the year, but it still warned of  bankruptcy within weeks unless more cuts are made.
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ATLANTA - Delta Air Lines will cut up to 7,000 jobs, reduce wages and pull back at its Dallas-Fort Worth airport hub as part of a sweeping restructuring plan that could still leave it vulnerable to bankruptcy.    The job cuts representing about 10 percent of its overall work force will come over the next 18 months, Delta chief executive Gerald Grinstein said Wednesday during a meeting with 300 of the company's middle managers...
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DELTA Air Lines yesterday announced a massive restructuring plan that would cut 6000 to 7000 jobs and slash more costs, but nonetheless warned that bankruptcy remained &quot;a real possibility&quot;.