Delta in crucial talks with pilots
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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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The labor cost and productivity problems of major airlines have been intractable for a couple of decades, which makes imminent pay concessions by Delta pilots a hopeful event for the airline, lenders, investors and the industry.
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Retired pilots may fly planes for Delta Air Lines as part of an interim agreement as the pilots union seeks to head off Delta&#39;s potential bankruptcy deadline.
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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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NEW YORK  - Delta Air Lines appeared to have averted imminent bankruptcy with a cost-saving deal with its pilots union, but still faces challenges ahead, analysts said.
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Analysts say Delta Air Lines chief executive Gerald Grinstein needs to cut a deal soon with his pilots union to buy enough time to implement his initiatives.
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NEW YORK -- Delta Air Lines Inc. managers and pilots will meet again today, and likely negotiate through the weekend, to find a way to keep the airline staffed with pilots, as many opt for early retirement.
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The chief of Delta Air Lines plans to ask the companyâs board for permission to enter into formal merger talks with both Northwest Airlines and United Airlines, a person close to Delta said.
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Description: Delta Airline pilots agree to a 32 percent pay cut to help the airline avoid bankruptcy. Analysts say it&#39;s not yet clear whether those cuts will be enough to put Delta back in the black.
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Leaders of the pilots&#39; union at US Airways said on Friday that they had directed their negotiating team to resume talking with the company over $295 million in labor concessions.
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Charlotte, NC -- Talks between US Airways and its pilot&#39;s union are set to resume Saturday morning. Negotiations broke off late Friday night without a decision.
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Terms of the five-year deal, reached during talks in Herndon, Va., where the pilots' union is based, showed Delta had obtained its major demands.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines and its pilots reached a tentative contract agreement late Wednesday, according to the pilots union, potentially allowing the struggling carrier to avoid declaring bankruptcy.
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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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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
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Delta Air Lines announced two financing deals on Monday, but its most sought-after agreement, with its pilots&#39; union, remained elusive.
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Delta Air Lines Inc., the third-largest US carrier, reached a tentative agreement with its pilots union on pay reductions, according to a statement by the union.