Delta to cut up to 7,000 jobs, bankruptcy &#39;a real possibility&#39;
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Delta Air Lines Inc. is axing up to 7,000 jobs, shedding its Dallas hub and will have to file for bankruptcy if it can&#39;t get a grip on a growing number of early pilot retirements by the end of September, the
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Retired pilots may fly planes for Delta Air Lines as part of an interim agreement as the pilots union seeks to head off Delta&#39;s potential bankruptcy deadline.
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Delta Air Lines late Wednesday revised its annual report to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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The kind of changes planned at Delta Air Lines, changes that include the loss of up to 7,000 more jobs, reflect needed change throughout the industry, a Clayton College and State University professor says.
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The friendly skies aren&#39;t so friendly to some Delta employees. The airline plans to cut 7,000 jobs in the next 18 months. It&#39;s trying to save $5 billion by 2006, and that means some major changes.
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Delta Air Lines Inc.&#39;s 7,000 pilots began 10 days of voting on a union contract proposal that would cut their salaries by nearly a third, while the company announced it secured another $500 million in financing to help the ailing airline stave off
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ATLANTA - Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.    But even with those changes - part of a $5 billion cost-saving program - CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September...
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Delta Air Lines said it would cut 12 percent of its work force and said a bankruptcy filing was a real possibility."
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The much-awaited &#39;Transformation Plan&#39; for Delta Air Lines Inc., one of Tampa International Airport&#39;s largest carrier, will include further job cuts, wage and benefit reductions and a new strategy that will help Delta revitalize its entire business.
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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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Airline warns it may file for bankruptcy if too many senior pilots take early retirement option. Delta Air LInes&#39; CEO says it faces bankruptcy if it can&#39;t slow the pace of pilots taking early retirement.
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Delta Air Lines, which is struggling to avoid a bankruptcy filing, said yesterday that it expected to lose as much as $675 million for the third quarter and that it was using cash at a steep rate.
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Delta Air Lines Inc. revised its annual report yesterday to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.&quot;
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Delta Air Lines, the third-largest carrier in the United States, announced Wednesday it will cut 7,000 jobs -- 10 percent of its workforce -- during the next 18 months and will slash wages.
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as early as next week, a source familiar with the matter said Friday.
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Delta said it would cut 12 percent of its work force and that a bankruptcy filing was "a real possibility."
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Delta Air Lines Inc., the number three  U.S. carrier, plans more job cuts as it struggles to avoid  bankruptcy, Chief Executive Gerald Grinstein said in a memo to  employees on Wednesday.