Delta flies toward clouds of Chapter 11
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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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Delta Air Lines Inc., working to beat back an $8.4 billion merger bid from US Airways Group Inc., is expected as soon as Tuesday to file a sweeping bankruptcy reorganization plan, The Wall Street Journal said on its Web site, citing people familiar with the matter.
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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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A Delta subsidiary is taking to the skis today following a Christmas Day full of canceled flights. Yesterday the carrier canceled all of its eleven hundred flights.
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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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Shares of Delta Airlines are taking off in record trading on the New York Stock Exchange Thursday morning, after the company and its pilots agreed to a deal the parties hope will signal a return to better times.
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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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ATLANTA - Delta Air Lines Inc. has a tentative deal on pilot concessions and much-needed breathing room, but uncertainty about the carrier&#39;s debt restructuring remains.
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Delta Air Lines world headquarters in Atlanta is shown in this Sept. 8 file photo. In a filing with the Securities and Exchange Commission, the airline reported that it expects its quarterly report to be released
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Delta Air Lines unveiled changes yesterday that will remake its business, but officials warned that soaring costs still could land the nation&#39;s third-largest carrier carrier in bankruptcy court.
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Delta Air Lines&#39; (DAL:NYSE - news - research) future cash needs are looking greater than previously thought. Delta said Monday it will need $135 million in liquidity in early 2006 beyond what it has already
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The massive restructuring and cost-cutting plan Delta Air Lines introduced Wednesday should help the financially struggling carrier reinvent itself over the long haul, experts and industry insiders say.
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Delta Air Lines Inc. said Wednesday that it revised its 2003 annual report to disclose the possibility that the company will file for Chapter 11 bankruptcy protection in the near term.
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The leader of the pilots union at troubled US Airways began preparing members Wednesday for a likely Chapter 11 bankruptcy filing.
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Delta Air Lines&#39; losses deepened in the third quarter as soaring fuel costs, sinking fares and a succession of hurricanes combined to push the company closer to bankruptcy.
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NEW YORK, October 20  - Delta Air Lines (DAL.NYS) has inched further towards a potential bankruptcy, with the company&#39;s 3Q04 losses nearly quadrupling from the year-ago levels.
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If Delta Air Lines&#39; pilots approve contract concessions, they will be letting the company&#39;s regional subsidiaries and affiliates operate almost three times as many 70-seat regional jets as before.