Delta and Pilots Talk As Court Filing Looms
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Delta announced Wednesday that it had reached a new tentative cost-cutting agreement with the union that represents its 185 flight superintendents although details of the contract were not released.
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Delta Air Lines world headquarters in Atlanta is shown in this Sept. 8 file photo. In a filing with the Securities and Exchange Commission, the airline reported that it expects its quarterly report to be released
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Delta Air Lines Inc  plans on Friday to ask its board permission to begin formal merger talks with both Northwest Airlines Corp  and United Airlines parent UAL Corp , the Wall Street Journal reported on Thursday.
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Delta Air Lines officials were said to be in negotiations Saturday that could help settle the No. 3 carrier&#39;s fate within a week.
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Delta Air Lines Chief Executive Gerald Grinstein said Thursday that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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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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Chief executives of Delta Air Lines Inc.  and US Airways Group Inc.  pressed Congress on Wednesday on their opposing views on merging their companies, congressional officials said.
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Airline warns it may file for bankruptcy if too many senior pilots take early retirement option. Delta Air LInes&#39; CEO says it faces bankruptcy if it can&#39;t slow the pace of pilots taking early retirement.
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Merger talks between United Airlines  and Continental Airlines Inc  have picked up pace, but a deal still hinges on the outcome of discussions between Delta Air Lines  and Northwest Airlines Corp , people briefed on the situation said on Friday.
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On Wednesday, Delta pilots agreed on cost saving plan of the company as Delta Air Lines is trying to avoid possible filing for Chapter 11 bankruptcy.
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Delta Air Lines Inc  plans on  Friday to ask its board permission to begin formal merger talks  with both Northwest Airlines Corp  and United Airlines  parent UAL Corp , the Wall Street Journal reported on  Thursday.
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Delta Air Lines Inc. and its pilots&#39; 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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Delta Air Lines Inc. has reached a  tentative contract with its pilots in a move that could stave  off a bankruptcy filing, sending its shares up 24 percent in  premarket trading on the INET electronic brokerage system.
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ATLANTA -- Delta Air Lines and its pilot union plan to resume talks on pay cuts Monday in Washington, after failing to reach agreement Sunday.
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Delta Air Lines&#39; (DAL.N: Quote, Profile, Research) pilots union said late Wednesday it had reached a tentative agreement with the airline on cost savings.
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Delta Air Lines, in an effort to avoid filing for bankruptcy protection, is considering giving its pilots an equity stake in exchange for pay and benefit cuts, a Delta pilot spokeswoman said yesterday.
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Delta Air Lines Inc. managers and pilots will meet again Friday, and likely negotiate through the weekend, to find a way to keep the airline staffed with pilots, as many opt for early retirement.