Delta workers see trouble in takeover bid
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Delta Air Lines Inc. employees have been cranking up criticism of a planned $8 billion hostile takeover of their airline by US Airways, and thanks to a Boston flight crew, thousands are sporting eye-catching red badges declaring, "Keep Delta My Delta!"
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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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The US agency that insures corporate pensions is troubled by provisions in a $180 million concession deal between pilots and United Airlines (UALAQ.
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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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U.S. airline labor unions, hungry to reclaim wage and benefit concessions, are busily issuing demands in exchange for their support for a potential merger, as they try to influence back-room talks.
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Delta Air Lines could seek bankruptcy protection as soon as next week, unless it reaches a deal with its pilots' union and makes significant progress in restructuring its debt.
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Delta Air Lines pilots approved a contract with $1 billion in annual concessions sought by the airline, which had threatened to file for bankruptcy.
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Struggling Delta Air Lines&#39; latest financials show its cash on hand has dipped below the point where some analysts say it must decide to file for bankruptcy.
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A group of nine unsecured creditors of  Delta Air Lines Inc.  have formed an unofficial  committee to represent their interests, as the bankrupt carrier  faces a takeover bid, according to court filings on Thursday.
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ALEXANDRIA, Va. -- Airline workers' woes are piling up as carriers seek to cut costs.
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Delta Air Lines  said its board has  rejected an $8.4 billion acquisition bid from rival US Airways  Group Inc. , calling the bid "structurally flawed" and  plagued by antitrust and labor issues.
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The board of Delta Air Lines Inc.  met by conference call to discuss US Airways Group Inc.'s  $8.5 billion hostile bid, but the directors are not expected to issue a formal position on the offer for several days, the Wall Street Journal reported on its Web site on Tuesday, citing people familiar with the matter.
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Indianapolis, Sept. 8 - The news hit an already suffering industry hard. Delta Airline&#39;s restructuring calls for a reduction of ten percent of its workforce, or about 7,000 people.
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Some bondholders of Delta Air Lines Inc.  have begun organizing an informal group to support US Airways Group Inc.'s  $8.78 billion takeover offer for the bankrupt carrier, a source close to the matter said on Wednesday.
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ATLANTA -- The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid bankruptcy, but their new contract offers no guarantees for the company's future.
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More job cuts are in store at Delta Air Lines as the struggling US carrier tries to avoid bankruptcy court.
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Some bondholders of bankrupt airline  Delta Air Lines Inc.  have begun organizing an  informal group to support US Airways Group Inc.'s  $8.78  billion takeover offer, the Wall Street Journal reported on its  Web site on Wednesday.