Delta Amends &#36;680 Mln Debt Exchange Offer
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Delta Air Lines Inc., struggling to cut costs to avert bankruptcy, said on Thursday it was amending its offer to exchange up to &#36;680 million worth of its outstanding &#36;2.6 billion of unsecured debt, asking holders to submit tenders by Oct. 26.
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ATLANTA - Delta Air Lines Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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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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In CHICAGO story headlined &#39;Delta says needs $135 in added liquidity for 2006&#39; ... please read the headline ... &#39;Delta says needs $135 mln in added 2006 liquidity.
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Delta Air Lines makes a $646m quarterly loss, increasing pressure on the airline as it attempts to ward off insolvency.
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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 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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Delta Air Lines Inc., the third-largest carrier in the world, said Monday that it signed a commitment letter from GE Commercial Finance to provide $500 million of financing to the beleaguered airline.
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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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Delta Air Lines Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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The plan values Delta Air Lines at $9.4 billion to $12 billion and said its board has rejected US Airwaysâ $8.5 billion bid.
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Delta Air Lines (DAL:NYSE - news - research) appears to have given up on part of a debt exchange that is part of its restructuring plan.
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UBS on Wednesday raised its ratings on Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) from &quot;reduce&quot; and America West Holdings Corp.
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Delta Air Lines Inc. said Monday that it has achieved $50 million of an estimated $135 million in additional liquidity that the company will need to meet financing commitments in early 2006
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Shares of Delta Air Lines soared after the troubled airline said Monday it entered into a commitment letter with American Express Travel Related Services Co.
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ATLANTA -- Delta Air Lines Inc. said yesterday it has obtained up to $600 million in financing as the struggling carrier seeks to avoid bankruptcy.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) pilots, who have been negotiating a slew of employment issues with company management, have offered a new contract proposal