Update 12: Delta Chief: Bankruptcy Still Possible
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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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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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HEBRON, Ky. A day after canceling all eleven-hundred flights systemwide, Comair is slowly getting back in the air. The Delta subsidiary is operating some flights today, and a spokesman says the airline hopes
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Saying that bankruptcy was &quot;a real possibility,&quot; Delta Air Lines yesterday announced a sweeping plan - including up to 7,000 job cuts - aimed at keeping one of the nation&#39;s oldest carriers
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A Chapter 11 bankruptcy filing by Delta Air Lines Inc. would likely cost at least $100 million in professional and legal fees, plus several hundred million dollars more for contract renegotiations
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Delta Air Lines Inc., the third- largest US carrier, may avert a bankruptcy filing after winning agreement on wage and benefit concessions from its pilots union as part of an effort to reduce costs after losses widened.
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Delta Air Lines Inc., the number three  U.S. carrier, plans more job cuts as it struggles to avoid  bankruptcy, Chief Executive Gerald Grinstein said in a memo to  employees on Wednesday.
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Delta said it would cut 12 percent of its work force and that a bankruptcy filing was "a real possibility."
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Delta Air Lines Chief Executive Gerald Grinstein said Thursday that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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ATLANTA - Delta Air Lines Inc.&#39;s customer service chief is leaving, the latest in a string of executive departures at the financially troubled carrier.
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as soon as next week, a source familiar with the matter said.
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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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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) could file for Chapter 11 bankruptcy protection as soon as next week, the Washington Post reported in its Saturday edition, citing an unnamed source familiar with the situation.
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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday it was revising its last annual report to reflect its worsening financial condition and to include the possibility of filing for bankruptcy protection.
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Delta Air Lines Inc. , struggling to avoid a bankruptcy filing, may reach an agreement this week with pilots to prevent retirements that would disrupt flights, chief executive Gerald Grinstein said.
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ATLANTA - Delta Airlines Inc. is hoping its pilots&#39; union will approve a steep pay cut to help the company avoid bankruptcy. Delta pilots, currently among the highest paid in the nation with salaries that
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Donald Trump may be the 74th-richest man in America and owner of more than half of Trump Hotels &amp; Casino Resorts (DJTC). But that didn&#39;t stop the company from filing for Chapter 11 bankruptcy protection on Sunday.