Delta&#39;s auditor airs doubts
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Delta Air Lines late Wednesday revised its annual report to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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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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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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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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The insurer said difficulties in valuing a credit derivatives portfolio had triggered auditor questions over its internal controls, sending its shares down more than 11 percent.
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U.S. airlines have begun to withdraw a revenue-boosting fare increase initiated last week by Delta Air Lines, but it is too soon to say whether the bulk of the increase will last, a fare tracker said on Monday.
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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.
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Prosecutors in the first Enron Corp.  ENRNQ.PK criminal trial sought to cast doubt on Wednesday on  a former Merrill Lynch MER.N banker's statements that he was  worried about financial risks from buying three barges from  Enron.
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After US Airways, it now appears to be the turn of Delta Airlines. The Atlanta-based carrier has announced that its independent auditor has raised doubts about its financial viability and a revised annual
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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 officials were said to be in negotiations Saturday that could help settle the No. 3 carrier&#39;s fate within a week.
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United and Delta airlines on Friday matched an airfare increase that American Airlines launched, but it wasn&#39;t clear whether other competitors would follow.
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NEW YORK -- A federal bankruptcy judge quashed subpoenas by a pilots union seeking documents related to a hostile takeover bid for Delta Air Lines Inc. and testimony from its chief executive.
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Delta Air Lines Inc. DAL.N suffered  a setback this week when a committee of creditors scotched one  of the company's early debt renegotiation efforts, but the  struggling airline still has a chance of restructuring its debt  without filing for bankruptcy, analysts said on Friday.
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As Delta Air Lines Inc. struggles to turn itself around, much of the focus has been on its call for concessions from pilots. But some analysts say Delta's massive debt is a bigger challenge -- and one that's more difficult to resolve outside of bankruptcy.
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NEW YORK, Aug 18  - Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday that it was asking some of its bondholders for permission to buy back certain kinds of bonds, as the struggling airline seeks to restructure its business ...
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The board, which met this weekend, reportedly expressed concern about regulatory scrutiny.