Pilots union at ailing Delta tentatively OKs pay cut
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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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Delta Air Lines Inc. has reached a  tentative contract with its pilots in a move that could stave  off a bankruptcy filing, sending its shares up 24 percent in  premarket trading on the INET electronic brokerage system.
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The pilots union at United Airlines on Tuesday said its negotiators have reached a tentative contract deal with the bankrupt No. 2 U.S. airline.
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Delta Air Lines Inc., the third-largest US carrier, reached a tentative agreement with its pilots union on pay reductions, according to a statement by the union.
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Shares of Delta Air Lines Inc. jumped  on Thursday after the company and its pilots union reached a  tentative contract that will save the cash-strapped carrier $1  billion a year.
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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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United Airlines, seeking cost cuts to help it get out of bankruptcy, has reached a tentative agreement with its pilots union, the first labor accord on additional concessions the carrier proposed last month.
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Delta Air Lines agreed Monday to partly compensate the Pension Benefit Guaranty Corporation for taking over its pilot pension plan.
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NOVEMBER 12, 2004 -- The union representing Delta Air Lines&#39; pilots yesterday announced its membership had widely approved an agreement that cuts the carrier&#39;s labor costs by $1 billion annually.
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US Airways Group Inc. and its pilots union said they may agree by today on a plan to cut $295 million in wages and benefits to help the carrier avoid a second bankruptcy filing.
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The union representing pilots at ATA  Holdings Corp. has approved a tentative agreement on wage cuts  that may win up to $6 million in immediate savings for bankrupt  ATA Airlines, a union spokesman said on Thursday.
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Union leaders representing pilots at American Eagle, the commuter division of American Airlines, have accepted a tentative contract agreement that includes pay raises.
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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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SAN FRANCISCO (CBS.MW) -- Delta Air Lines and its pilots reached a tentative contract agreement late Wednesday, according to the pilots union, potentially allowing the struggling carrier to avoid declaring bankruptcy.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots permanently losing 17.5 percent of their salaries in exchange for a chance to save the airline and their jobs.
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Description: Delta Airline pilots agree to a 32 percent pay cut to help the airline avoid bankruptcy. Analysts say it&#39;s not yet clear whether those cuts will be enough to put Delta back in the black.
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Delta Air Lines and its pilots union recessed today without reaching an agreement on pay cuts that are key to the carrier&#39;s efforts to avoid bankruptcy.