Delta Pilots Tell Negotiators to Get Pact
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Delta Air Lines Inc.'s pilots union on Tuesday directed its negotiators to work out an agreement to address the early retirement of a large number of pilots, which threatens to push the No. 3 U.S. airline into a Chapter 11 bankruptcy filing.
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Pilots at Delta Air Lines overwhelmingly approved a new five-year contract today with $1 billion in annual concessions sought by the airline, which had threatened to file for bankruptcy if the pilots did not acquiesce.
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Pilots at Delta Air Lines Inc.   voted to approve a new contract with the company,  clearing one major hurdle in the bankrupt carrier&#039;s  restructuring plan, the airline and the union said on  Wednesday.
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ATLANTA -- Delta Air Lines' pilots union agreed yesterday to allow the struggling carrier to bring pilots out of retirement on a limited basis to deal with staff shortages that threaten to ground flights.
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Delta Air Lines' pilots union said last night it had reached a tentative pact on concessions that could save the struggling carrier from bankruptcy.
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Delta Air Lines pilots ratified $1 billion a year in pay cuts and other concessions that have become the linchpin of the company&#39;s efforts to keep from spiraling into bankruptcy.
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Pilots at Delta Air Lines Inc. DAL.N  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 - 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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Delta Air Lines&#39; pilots union says it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
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Delta Air Lines Inc. and its pilots' union recessed talks Sunday without reaching an agreement on pay cuts that the company says are crucial to its effort to avoid bankruptcy.
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Delta Air Lines pilots have agreed to slash their salaries by nearly a third and forgo pay raises for five years to help the struggling airline avoid bankruptcy, their union announced Thursday.
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Pilots at Delta Air Lines Inc.  on Thursday ratified a concession package that will save the carrier &#36;1 billion a year, in a move the company hopes will buy it time to restructure outside of bankruptcy.
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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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Delta Air Lines Inc. has reached a  tentative contract with its pilots in a move that could stave  off a bankruptcy filing, sending its shares up 24 percent in  premarket trading on the INET electronic brokerage system.
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Delta Air Lines Inc. and its pilots&#39; union recessed talks Sunday without reaching an agreement on pay cuts that the company says are crucial to its effort to avoid bankruptcy.
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Delta Air Lines Inc. DAL.N has  reached a tentative contract with its pilots that will save the  cash-strapped airline $1 billion annually, sending its shares  soaring almost 25 percent on Thursday.
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Delta Air Lines&#39; pilot union has agreed to negotiate the early retirement issue that the company says could lead it into bankruptcy if it is not settled by the end of this month.