Bankruptcy reportedly likely for Delta
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as early as next week, a source familiar with the matter said Friday.
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Three of the nation's largest airlines could be operating under bankruptcy protection in coming weeks, analysts say, the latest sign of the industry's upheaval as it lurches through a  transformation.
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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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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.
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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 Chief Executive Gerald Grinstein said Thursday that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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Delta Air Lines Inc., working to beat back an $8.4 billion merger bid from US Airways Group Inc., is expected as soon as Monday to file a sweeping bankruptcy reorganization plan, the Wall Street Journal said on its Web site, citing people familiar with the matter.
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Delta Air Lines Inc. is on the brink of filing for bankruptcy, with the coming weeks critical. This weekend, the airline continues negotiations with its pilots union in Hollywood in order
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In what could be its final quarterly financial update before filing for Chapter 11, Delta Air Lines Inc. has reported a net loss of $646 million on $3.
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ATLANTA - Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.    But even with those changes - part of a $5 billion cost-saving program - CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September...
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Auditors at  Delta Air Lines raise doubts about the company's ability to stay  in business.
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ATLANTA -- 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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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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NEW YORK, Aug 19  - Delta Air Lines (DAL.N: Quote, Profile, Research) is taking steps toward restructuring at least some of its roughly $20 billion of total debt in a bid to avoid bankruptcy, but it will face an uphill battle, ...
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Delta Air Lines  Inc.   may order as many as 125 Boeing Co.  787 jetliners by the  end of this year, The Wall Street Journal Online reported on  Tuesday, citing Delta&#39;s operating chief Jim Whitehurst.
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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 yesterday.
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Delta Air Lines Inc. has a tentative pilot deal on concessions and much-needed breathing room, but hasn&#39;t detailed the progress of its crucial debt restructuring efforts.