Delta bankruptcy remains possibility, CEO says
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Delta Air Lines Inc.'s tentative deal with pilots for $1 billion in concessions gives the nation's third-largest carrier much-needed breathing room. But its crucial debt restructuring efforts remain a work in progress, and Delta's chief executive cautioned yesterday that bankruptcy remains a possibility.
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The chief executive of US Airways said Thursday that a Chapter 11 bankruptcy filing is still a possibility for the ailing carrier but that talk of an impending liquidation was unfounded.
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Nita Bertsche, who lives a few miles north of Atlanta and has been flying on Delta Air Lines for 20 years, was relieved this week to hear that the airline had, for now at least, managed to avoid 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. has a tentative pilot deal on concessions and much-needed breathing room. But it has not detailed the progress of its key debt restructuring efforts.
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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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Delta Air Lines Inc. and its pilots' union recessed talks Sunday without reaching an agreement on pay cuts that the company says are crucial to its effort to avoid bankruptcy.
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A pay cut deal between Delta Air Lines and its pilots union didn&#39;t materialize Tuesday, though investors apparently think the airline&#39;s chances of sidestepping bankruptcy are improving.
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Delta Air Lines DAL.N said on  Wednesday its auditors had expressed concern about the  airline's financial viability.
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Several analysts gave Delta Air Lines slim chances of averting bankruptcy after Cincinnati&#39;s dominant airline reported a whopping $646 million loss and an alarmingly low $1.
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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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Struggling Delta Air Lines&#39; latest financials show its cash on hand has dipped below the point where some analysts say it must decide to file for bankruptcy.
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The chief executive of Delta Air Lines told a U.S. senator on Tuesday there is no merger agreement yet with Northwest Airlines, but the two sides are continuing to work toward a deal.
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NEW YORK - Recent reports on the Delta Air Lines pilots&#39; agreement focus on the carrier&#39;s pilots being the highest paid in the industry and on the possibility that the company may still declare bankruptcy, despite the $1 billion cost-cutting deal
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DELTA Air Lines yesterday announced a massive restructuring plan that would cut 6000 to 7000 jobs and slash more costs, but nonetheless warned that bankruptcy remained &quot;a real possibility&quot;.
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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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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.