Update 11: Delta Chief: Bankruptcy Still Possible
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The chief executive of Delta Air Lines Inc. said Thursday a tentative pact the company has reached with its pilots for $1 billion in concessions doesn&#39;t mean the struggling carrier is out of the woods in terms of avoiding bankruptcy.
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Independent auditors for Delta Air Lines have questioned the ability of the No. 3 airline&#39;s ability to continue as a &quot;going concern.
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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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Delta Air Lines Inc., the number three  U.S. carrier, plans more job cuts as it struggles to avoid  bankruptcy, Chief Executive Gerald Grinstein said in a memo to  employees on Wednesday.
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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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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday its auditors have expressed doubt about the airline&#39;s financial viability.
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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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Auditors at  Delta Air Lines raise doubts about the company's ability to stay  in business.
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Several analysts gave Delta Air Lines slim chances of averting bankruptcy after Cincinnati&#39;s dominant airline reported a whopping $646 million loss and an alarmingly low $1.
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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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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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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 said Wednesday it has revised its 2003 annual report to include a new report by its independent auditor warning that bankruptcy is looming.
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The chief executive of Delta Air Lines  told a U.S. senator on Tuesday there is no merger agreement yet with Northwest Airlines , but the two sides are continuing to work toward a deal.
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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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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as soon as next week, a source familiar with the matter said.
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Delta Air Lines unveiled changes yesterday that will remake its business, but officials warned that soaring costs still could land the nation&#39;s third-largest carrier carrier in bankruptcy court.