Delta Air May File Bankruptcy Soon-Report
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) could file for Chapter 11 bankruptcy protection as soon as next week, the Washington Post reported in its Saturday edition, citing an unnamed source familiar with the situation.
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NEW YORK, Aug 19  - Delta Air Lines (DAL.N: Quote, Profile, Research) is taking steps toward restructuring at least some of its roughly $20 billion of total debt in a bid to avoid bankruptcy, but it will face an uphill battle, ...
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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier's pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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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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Delta Air Lines Inc., the number three  U.S. carrier, plans more job cuts as it struggles to avoid  bankruptcy, Chief Executive Gerald Grinstein said in a memo to  employees on Wednesday.
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Delta Air Lines has warned repeatedly that a bankruptcy filing could come within weeks if settlements aren&#39;t reached soon with its pilot union and its debt holders.
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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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NEW YORK, October 20  - Delta Air Lines (DAL.NYS) has inched further towards a potential bankruptcy, with the company&#39;s 3Q04 losses nearly quadrupling from the year-ago levels.
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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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US Airways Group Inc.  is set  to meet representatives of bankrupt Delta Air Lines Inc.   and a key group of its creditors in New York on  Thursday, sources familiar with the matter said.
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A group of nine unsecured creditors of  Delta Air Lines Inc.  have formed an unofficial  committee to represent their interests, as the bankrupt carrier  faces a takeover bid, according to court filings on Thursday.
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Delta Air Lines Inc. DAL.N suffered  a setback this week when a committee of creditors scotched one  of the company's early debt renegotiation efforts, but the  struggling airline still has a chance of restructuring its debt  without filing for bankruptcy, analysts said on Friday.
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Delta Air Lines may still face bankruptcy despite of tentative agreement with its pilots dated late Wednesday. Late Wednesday, Delta reached an agreement with its pilots to cut costs in order for the carrier to survive.
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A U.S. bankruptcy court on Wednesday allowed Delta Air Lines Inc.  to begin seeking creditor approval for its reorganization plan, bringing the No. 3 U.S. carrier a big step closer to exiting bankruptcy this spring.
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Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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Delta Air Lines Inc.  could file for Chapter 11 bankruptcy protection as soon as next week, the Washington Post reported in its Saturday edition, citing an unnamed source familiar with the situation.
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US Airways Group Inc. said yesterday it expects to file a plan by Feb. 15 on how it will emerge from bankruptcy.