Pilot accord might aid Delta
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The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines and its pilots reached a tentative contract agreement late Wednesday, according to the pilots union, potentially allowing the struggling carrier to avoid declaring bankruptcy.
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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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Shares of Delta Air Lines Inc. 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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Delta Air Lines Inc.  has reached a tentative contract with its pilots that will save the cash-strapped airline &#36;1 billion annually, sending its shares soaring almost 25 percent on Thursday.
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Negotiators for the Air Line Pilots Association and Delta Air Lines held unusual weekend talks, a sign of the deadline pressure both sides are feeling to agree on $1 billion in wage and benefit cuts before the third largest airline is forced into Chapter
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Bankrupt Delta Air Lines Inc.   said on Monday its creditors agreed to allow the  carrier to give retired pilots an additional $719 million in  pre-petition claims to help them recoup lost pension benefits.
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After 15 months of negotiations, Delta Air Lines Inc. has secured a tentative contract with its pilots, a move that might help the struggling carrier avoid a Chapter 11 bankruptcy filing.
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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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Leaders of the union that represents pilots at Delta Air Lines  and Northwest Airlines  have reached a deal to integrate the two work groups if the airlines merge, the Detroit News reported on Tuesday.
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CHICAGO: Pilots at Delta Air Lines have ratified a concession package that will save the carrier $1bn a year, in a move the company hopes will buy it time to recast outside of bankruptcy.
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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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Delta Air Lines Inc. DAL.N said on  Monday it is meeting with bankruptcy lawyers to prepare in case  the carrier needs to file for bankruptcy protection, but added  that recent talks with pilots make it hopeful a pilot agreement  can be reached later this week.
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A unit of American Express Co. agreed Monday to provide Delta Air Lines Inc. with up to $600 million in financing - if the cash-strapped airline persuades its reluctant pilots to accept $1 billion in concessions.
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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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A merger between Delta Air Lines Inc  and Northwest Airlines Corp  could be announced in the next few weeks as Northwest pilots review details of a proposed deal, people briefed on the situation said on Monday.
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Troubled Delta Air Lines and its pilots late last night reached a tentative agreement that is expected to allow the company to significantly cut its operating costs and avoid bankruptcy, a union official announced.