Delta Amends $680 Mln Debt Exchange Offer
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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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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) said on Monday it will need an additional $135 million in liquidity in early 2006 to meet the requirements of certain financing agreements.
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Bankrupt Delta Air Lines  said on Wednesday its fourth-quarter net loss widened by 60 percent, hurt by a $2.5 billion charge for reorganization costs.
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American Airlines, the nation's largest carrier, is matching most of the sweeping changes Delta Air Lines made to its fare structure, which includes eliminating Saturday-night stay requirements and lowering last-minute fares, an industry source familiar with the move said Thursday.
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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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A group of investors said Tuesday they would block plans by Delta Air Lines Inc. to amend lending agreements because it needs more time to fully understand the troubled airline&#39;s restructuring proposals.
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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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ATLANTA -- Delta Air Lines Inc. is considering exchanging some of its debt, possibly for equity in the company, as part of a larger effort to avoid bankruptcy.
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A pay cut deal between Delta Air Lines and its pilots union didn&#39;t materialize Tuesday, though investors apparently think the airline&#39;s chances of sidestepping bankruptcy are improving.
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CHICAGO: Pilots at Delta Air Lines have ratified a concession package that will save the carrier $1bn a year, in a move the company hopes will buy it time to recast outside of bankruptcy.
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ATLANTA -- US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.
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Delta Air Lines Inc.'s tentative deal with pilots for $1 billion in concessions gives the nation's third-largest carrier much-needed breathing room. But its crucial debt restructuring efforts remain a work in progress, and Delta's chief executive cautioned yesterday that bankruptcy remains a possibility.
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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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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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Delta Air Lines, preparing to exit bankruptcy on April 30, said yesterday its fourth-quarter net loss widened to $2 billion on the cost of ending its pilotsâ pension plan.
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Delta Air Lines' pilots accept pay cuts worth a total $1bn (Â£540m) to keep the airline from bankruptcy.
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Delta Air Lines Inc. hit a selfimposed deadline Tuesday for some of its debtholders to respond early to an exchange offer meant to give the carrier breathing room as it seeks to avoid bankruptcy.