Delta Air Lines Prepares Chapter 11 Filing
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as soon as next week, a source familiar with the matter said yesterday.
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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 Inc. has obtained up to $600 million in new financing and has agreed to conditions that require it to get court approval to repay the money even if it files for bankruptcy.
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Delta Airlines has reached a tentative  agreement with its pilots union on wage and benefit cuts aimed  at avoiding a bankruptcy filing, The Wall Street Journal said  in a report late Wednesday on its Web site.
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MAXJet Airways Inc , an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after canceling all flights earlier this week, according to court documents.
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ATLANTA -- Struggling Delta Air Lines Inc. plans additional job cuts as part of its effort to avoid bankruptcy, chief executive Gerald Grinstein said yesterday in a memo to employees.
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Delta Air Lines Inc., struggling to  cut costs to avert bankruptcy, said on Thursday it was amending  its offer to exchange up to $680 million worth of its  outstanding $2.6 billion of unsecured debt, asking holders to  submit tenders by Oct. 26.
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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.
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It has taken the Delta Air Lines subsidiary several days to recover from a computer system collapse that forced it to cancel all eleven-hundred of its flights on Saturday and operate a partial schedule through yesterday.
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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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A U.S. bankruptcy court on Wednesday allowed Delta Air Lines Inc.  to begin seeking creditor approval for its reorganization plan, bringing the No. 3 U.S. carrier a big step closer to exiting bankruptcy this spring.
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Atlanta (Sept. 17, 2004) -- Delta Air Lines said that its independent auditor has raised doubts about its financial viability and revised its annual report to include the possibility of a Chapter 11 bankruptcy.
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Washington, Oct. 24 (PTI): Delta Airlines, Americaâs third largest airline, could file for bankruptcy protection as soon as next week.
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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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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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MAXJet Airways Inc , an  all-business class airline, has filed for Chapter 11 bankruptcy  protection from creditors after canceling all flights earlier  this week, according to court documents.
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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.