Delta &#39;reaches cost-cutting deal&#39;
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, a deal that could save it from bankruptcy.
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Delta announced Wednesday that it had reached a new tentative cost-cutting agreement with the union that represents its 185 flight superintendents although details of the contract were not released.
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Delta will cut up to 10 percent of its work force over the next 18 months as part of a restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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Pilots at Delta Air Lines Inc. on  Thursday ratified a concession package that will save the  carrier $1 billion a year, in a move the company hopes will buy  it time to restructure outside of bankruptcy.
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ATLANTA Sept. 28, 2004 - Delta Air Lines Inc. is cutting the pay of executives, administrative staff and some other employees by 10 percent, increasing the shared cost of health care coverage and making
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Delta Air Lines&#39; pilots union said late Wednesday it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
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Shares of Delta Air Lines Inc. DAL.N  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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The much-awaited &#39;Transformation Plan&#39; for Delta Air Lines Inc., one of Tampa International Airport&#39;s largest carrier, will include further job cuts, wage and benefit reductions and a new strategy that will help Delta revitalize its entire business.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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The11th-hour wage concession deal struck between Delta Air Lines Inc. and its powerful pilots union meets the $1 billion mark sought by management, through a combination of wage and benefit cuts plus new work rules that will increase productivity.
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On Wednesday, Delta pilots agreed on cost saving plan of the company as Delta Air Lines is trying to avoid possible filing for Chapter 11 bankruptcy.
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Delta Air Lines will cut up to 7,000 jobs, reduce pay for other workers and close its Dallas hub as part of an effort to slash nearly $3 billion more in annual costs and chart a course toward financial recovery.
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SAN FRANCISCO (CBS.MW) -- Pilots at Delta Air Lines approved a management-backed pay cut that will save the airline $5 billion over the next five years, the pilots union said Thursday.
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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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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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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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Delta&#39;s pilots union said today that it has tentatively agreed to the full $1 billion in wage and benefit reductions the airline said it needs to help it avoid bankruptcy.