Delta and Pilots Continue Talks as Bankruptcy Filing Looms
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A Chapter 11 filing could occur as soon as tomorrow if the airline cannot agree with its pilots on $1 billion in wage and benefit cuts.
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US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union
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With a US Airways bankruptcy expected as early as today, a last-ditch effort to reach a $295 million cost-cutting deal with the pilots stalled again yesterday, with neither side meeting or trading new offers.
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WASHINGTON -- US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union agreeing to take the latest company proposal to its leaders this week.
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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 Inc.&#39;s outside auditors question the carrier&#39;s ability to continue as a viable business as it tries to avoid filing for bankruptcy protection.
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NEW YORK  - Delta Air Lines appeared to have averted imminent bankruptcy with a cost-saving deal with its pilots union, but still faces challenges ahead, analysts said.
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ATLANTA - Delta Air Lines Inc. has a tentative deal on pilot concessions and much-needed breathing room, but uncertainty about the carrier&#39;s debt restructuring remains.
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Concern is mounting on Wall Street that Delta Air Lines is running out of cash and that bankruptcy reorganization may be inevitable even if its pilots give contract concessions soon.
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Negotiators for Delta Air Lines and its pilots union shook hands on a tentative pay-cut agreement Wednesday night that could divert the ailing Atlanta carrier from its course toward bankruptcy court.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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Delta Air Lines Inc. DAL.N, fighting  to avoid bankruptcy, will issue up to 75 million shares to  employees and creditors. The news sparked a 5 percent drop its  stock on Wednesday.
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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&#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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Talks between Alitalia and the unions were continuing on Tuesday as hopes rose of staving off bankruptcy at Italy's troubled national airline.
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The third-quarter losses loomed largest at Delta Air Lines Inc., which faces bankruptcy unless it can quickly win concessions from its pilots and debt holders.
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com. With its pilots back at the negotiating table and one, albeit small, round of givebacks in the bag, US Airways is hoping for continued good news as it navigates its second bankruptcy filing in two years.