Delta Needs $135 Million Added Liquidity
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Delta Air Lines Inc. said Monday that it has achieved $50 million of an estimated $135 million in additional liquidity that the company will need to meet financing commitments in early 2006, and said it is
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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 Inc. said Friday it is extending the offer to exchange up to $680 million in three series of newly issued senior secured notes to the holders of $2.6 billion of outstanding unsecured debt securities and enhanced pass through certificates.
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ATLANTA - Delta Air Lines Inc. is selling eight jumbo jets to shipping giant FedEx Corp. The nation&#39;s third-largest airline, which has warned of the possibility of a bankruptcy filing, said Thursday the agreement
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An informal committee could play an important role as US Airways seeks to persuade DeltaÂs creditors to support its $8.6 billion offer to acquire Delta out of bankruptcy.
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US Airways Group Inc. raised its offer for Delta Air Lines Inc. by 20 percent to $10.2 billion on Wednesday, as it seeks to put pressure on the bankrupt carrier's creditors to agree to a deal that Delta's management opposes
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US Airways probably will need more cost cuts or a boost in revenue to attract the USD$250 million in equity it says it needs to leave bankruptcy next year, the company said on 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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No. 3 U.S. airline Delta Air Lines Inc.  DAL.N, fighting to avoid bankruptcy, on Wednesday said it  will sell up to 75 million common shares, sparking a 4 percent  drop its stock.
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Delta Air Lines makes a $646m quarterly loss, increasing pressure on the airline as it attempts to ward off insolvency.
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The other $500 million will be in the form of prepayment for SkyMiles, Delta&#39;s frequent flier points. American. Express issues a Delta credit card that awards SkyMiles.
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An operational meltdown at a Delta Air Lines Inc. regional affiliate is prompting calls for both a federal investigation and more investment by the nationâs airlines into backup systems and other technologies.
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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. said yesterday it has obtained up to $600 million in financing as the struggling carrier seeks to avoid bankruptcy.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) on Monday said General Electric Co.&#39;s (GE.N: Quote, Profile, Research) GE Commercial Finance has agreed to provide it $500
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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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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.