Delta&#39;s position still precarious
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Georgia&#39;s homegrown Delta Air Lines has scratched and clawed for three years now, trying to gain every concession it deemed necessary to avoid filing bankruptcy.
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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 is to 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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The $1 billion in labor cost savings Delta Air Lines wrested from its pilots after asking for givebacks for three years finally start to accumulate this week, but some pilots won&#39;t be around for the belt-tightening.
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Delta Air Lines Inc. is axing up to 7,000 jobs, shedding its Dallas hub and will have to file for bankruptcy if it can&#39;t get a grip on a growing number of early pilot retirements by the end of September, the
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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;.
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Delta Air Lines Inc. and its pilots' union recessed talks Sunday without reaching an agreement on pay cuts that the company says are crucial to its effort to avoid bankruptcy.
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Key elements of Delta Air Lines Inc.'s broad turnaround plan will take months if not years to implement, suggesting the struggling carrier is setting itself up for how it will survive after a likely Chapter 11 filing, industry observers and legal experts said yesterday.
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As Delta Air Lines (nyse: DAL - news - people ) agonizes over whether to seek the shelter of Chapter 11, ATA Holdings (nasdaq: ATAH - news - people ) beat them to the punch.
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Delta Air Lines Inc. DAL.N suffered  a setback this week when a committee of creditors scotched one  of the company's early debt renegotiation efforts, but the  struggling airline still has a chance of restructuring its debt  without filing for bankruptcy, analysts said on Friday.
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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, which is struggling to avoid a bankruptcy filing, said yesterday that it expected to lose as much as $675 million for the third quarter and that it was using cash at a steep rate.
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Delta Air Lines has sealed a $1 billion-a-year pay cut deal from its pilots union, but the struggling airline still has a long road of cost-cutting ahead before it completely averts the threat of bankruptcy, analysts say.
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Northwest, Continental, and Delta have a frequent flyer alliance. Too bad they're so stingy with their rewards.
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Business News, NEW YORK, A computer glitch at Delta Air Lines Inc.&#39;s regional carrier Comair that stranded thousands of travelers over the Christmas weekend was largely due to a system that was old and operating beyond capacity, a source familiar with the
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The friendly skies aren&#39;t so friendly to some Delta employees. The airline plans to cut 7,000 jobs in the next 18 months. It&#39;s trying to save $5 billion by 2006, and that means some major changes.
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Indianapolis, Sept. 8 - The news hit an already suffering industry hard. Delta Airline&#39;s restructuring calls for a reduction of ten percent of its workforce, or about 7,000 people.