Delta cuts fares in survival plan
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Delta Air Lines cuts domestic fares by as much as 50% as part of continuing efforts to ensure its financial survival.
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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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Delta Air Lines&#39; pilots Thursday overwhelmingly approved a $1 billion package of concessions that cuts their pay by nearly a third but may pull the financially beleaguered carrier from the brink of bankruptcy.
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Delta Air Lines (DAL) on Thursday rolled out its first new fare structure in memory, simplifying and lowering fares in a salvo aimed at low-fare carriers.
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Delta Air Lines Inc. DAL.N on Tuesday  said it will reduce executive and employee pay by 10 percent  starting in January and its CEO will go unpaid for the rest of  the year as it tries to cut costs to avert bankruptcy.
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Delta Air Lines Inc., the No. 3 U.S.  carrier, said on Wednesday it is cutting its airfares by as  much as 50 percent for travel in the continental United States.
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Delta Air Lines Inc. DAL.N on  Wednesday cut its fares by up to 50 percent for travel in the  continental United States, prompting fears of a new fare war  and sending airline shares sharply lower.
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Delta Air Lines Inc., the No. 3 U.S. carrier which has been restructuring in efforts to avoid a bankruptcy filing, is expected to slash fares and remove restrictive rules such as Saturday-night stays, Time magazine reported in its online edition on Sunday.
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Pilots at Delta Air Lines Inc. on  Thursday ratified a concession package that will save the  carrier $1 billion a year, in a move the company hopes will buy  it time to restructure outside of bankruptcy.
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More than 200 Delta Air Lines (DAL.N: Quote, Profile, Research) pilots retired as a concession package aimed at saving the No. 3 airline from bankruptcy took effect on Wednesday.
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Delta Air Lines Inc. (DAL), which is racing to cut costs to avoid bankruptcy, on Wednesday reported a wider quarterly loss amid soaring fuel prices and weak domestic airfares.
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SAN FRANCISCO (CBS.MW) -- Pilots at Delta Air Lines approved a management-backed pay cut that will save the airline $5 billion over the next five years, the pilots union said Thursday.
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Delta Air Lines Inc., the No. 3 U.S.  carrier which has been restructuring in efforts to avoid a  bankruptcy filing, is expected to slash fares and remove  restrictive rules such as Saturday-night stays, Time magazine  reported in its online edition on Sunday.
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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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In an effort to avoid bankruptcy Delta Air Lines Inc. announced that it is eliminating  7,000 jobs, closing its Texas hub and seeking wage concessions from its pilots.
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American Airlines  on Thursday said it has broadly matched Delta Air Lines's  new fare structure, reducing its highest fares and lowering fares for last-minute travel in thousands of U.S. markets.
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Delta Air Lines said Wednesday that it would cut 6,000 to 7,000 jobs over the next 18 months as part of a sweeping restructuring plan that the airline said would save $5 billion a year in costs by 2006.