Pilot Talks Continue As Delta Shares Fall
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Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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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 prospect of imminent airline industry consolidation faded on Tuesday as US Airways Group  reported no headway in its bid to take over bankrupt rival Delta Air Lines .
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NEW YORK, Aug 18  - Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday that it was asking some of its bondholders for permission to buy back certain kinds of bonds, as the struggling airline seeks to restructure its business ...
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Struggling Delta Air Lines&#39; latest financials show its cash on hand has dipped below the point where some analysts say it must decide to file for bankruptcy.
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A group of investors said Tuesday they would block plans by Delta Air Lines Inc. to amend lending agreements because it needs more time to fully understand the troubled airline&#39;s restructuring proposals.
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Shares of US Airways Group Inc. slipped as much as 23 percent in early trading on Tuesday after its pilots union rejected the company's latest contract proposal, a blow to its attempt to avoid a second trip through bankruptcy.
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US Airways (UAIR) executives Tuesday held out hope of reaching a key money-saving deal with pilots, despite a major setback late Monday.
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Delta Air Lines Inc. managers and pilots will meet again Friday, 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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As Delta Air Lines Inc. struggles to turn itself around, much of the focus has been on its call for concessions from pilots. But some analysts say Delta's massive debt is a bigger challenge -- and one that's more difficult to resolve outside of bankruptcy.
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Talks between US Airways (UAIR.O: Quote, Profile, Research) and its pilots union over a new round of concessions collapsed on Monday, the union said.
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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 Inc.&#39;s pilots union said Thursday there is no agreement expected in the near future with the struggling carrier over concessions, although both sides will continue to meet.
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Merger talks between United Airlines  and Continental Airlines Inc  have picked up pace, but a deal still hinges on the outcome of discussions between Delta Air Lines  and Northwest Airlines Corp , people briefed on the situation said on Friday.
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Delta Air Lines Inc.&#39;s outside auditors question the carrier&#39;s ability to continue as a viable business as it tries to avoid filing for bankruptcy protection.
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings and rising oil prices.
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Delta Air Lines&#39; CEO is cautioning that a tentative pact reached with pilots for a billion dollars in concessions doesn&#39;t guarantee the struggling carrier has avoided a possible bankruptcy filing.