Delta fears too many pilot retirements could force Chapter 11
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It could be the supreme irony: Delta Air Lines, which incited controversy for creating bankruptcy-proof pensions for top executives in 2002, now says it may soon file for Chapter 11 protection because too many pilots are bailing out to save their own
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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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Auditors at  Delta Air Lines raise doubts about the company's ability to stay  in business.
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United Airlines has signaled that it may terminate and replace employee pension plans, a move its parent company says is needed before it can emerge from Chapter 11 bankruptcy.
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CHICAGO -- When Gerald Grinstein retires as chief executive of Delta Air Lines , he may not want to be remembered as the man who surrendered the number three US carrier to the brazen, young management team at US Airways Group.
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United and US Airways -- in bankruptcy protection and Delta Air Lines creeping ever closer, passengers are increasingly worried about some fundamental issues
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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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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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ATLANTA -- Delta Air Lines' pilots union agreed yesterday to allow the struggling carrier to bring pilots out of retirement on a limited basis to deal with staff shortages that threaten to ground flights.
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Delta Air Lines is to issue up to 75 million shares without shareholder approval in a high-stakes plan to ensure its financial survival.
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Delta Air Lines said Wednesday it has revised its 2003 annual report to include a new report by its independent auditor warning that bankruptcy is looming.
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Union says pilots may retire en masse to get payments rather than ride out possible bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Independent auditors for Delta Air Lines have questioned the ability of the No. 3 airline&#39;s ability to continue as a &quot;going concern.
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Delta Air Lines' pilots face a painful choice: accept a a one-third cut in pay, or reject it and risk losing their jobs if Delta goes into bankruptcy.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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NEW YORK  - Delta Air Lines appeared to have averted imminent bankruptcy with a cost-saving deal with its pilots union, but still faces challenges ahead, analysts said.
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The third-quarter losses loomed largest at Delta Air Lines Inc., which faces bankruptcy unless it can quickly win concessions from its pilots and debt holders.