Delta, pilots reach tentative recall deal
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines and its pilots union reached a tentative agreement Monday to put retired pilots back into the cockpit to avoid canceling flights for lack of pilots.
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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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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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With a tentative deal to cut $1 billion in pilot costs, Delta Air Lines appears to have beaten back the threat of bankruptcy -- at least for now, analysts say.
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Pilots at Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) 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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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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More than 200 Delta Air Lines (DAL.N: Quote, Profile, Research) pilots retired as a concession package aimed at saving the No. 3 airline from bankruptcy took effect on Wednesday.
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Atlanta-based Delta Airlines has narrowly escaped bankruptcy, reaching a tentative deal with its pilots union involving $1 billion in pay and benefits cuts.
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ATLANTA - Delta Air Lines Inc.&#39;s tentative deal with pilots for $1 billion in concessions gives the nation&#39;s third-largest carrier much-needed breathing room.
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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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The leadership of Delta Air Lines&#39; pilot union early this morning approved a tentative concessionary agreement with the company, sending it to a vote of the entire membership.
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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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Bankrupt US Airways Group Inc.  reached a tentative agreement on Friday with negotiators for its pilots union on &#36;300 million in annual concessions.
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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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United Airlines has secured a tentative contract agreement with its pilots, clearing a critical early hurdle in its effort to make another round of painful
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SAN FRANCISCO (CBS.MW) -- US Airways Group Inc. and its pilots union reached a tentative contract agreement Friday, a crucial step that could help the bankrupt airline avoid liquidation early next year.
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ATLANTA -- Delta Air Lines (DAL) and its pilots union reached a tentative agreement that allows the struggling airline to temporarily bring back recently retired pilots to the cockpit to avert staffing shortages which the company has warned could force it