Delta flies toward clouds of Chapter 11
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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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With money pouring out of its jet engine exhausts, Delta Air Lines secured one union agreement, and worked toward another, which might yet allow the third largest airline delay or avoid bankruptcy.
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Gerald Grinstein, head of Delta, discussed the recent takeover battle and Deltaâs future.
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Delta Air Lines unveiled changes yesterday that will remake its business, but officials warned that soaring costs still could land the nation&#39;s third-largest carrier carrier in bankruptcy court.
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Delta Air Lines Inc.'s pilots union on  Tuesday directed its negotiators to work out an agreement to  address the early retirement of a large number of pilots, which  threatens to push the No. 3 U.S. airline into a Chapter 11  bankruptcy filing.
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Delta Air Lines can shift more flying to regional jets but also will have to give furloughed pilots first crack at any new jobs that result, under the tentative agreement union members begin voting on Monday.
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ATLANTA -- 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 bankruptcy, but their new contract offers no guarantees for the company's future.
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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said 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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HEBRON, Ky. A day after canceling all eleven-hundred flights systemwide, Comair is slowly getting back in the air. The Delta subsidiary is operating some flights today, and a spokesman says the airline hopes
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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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If Delta Air Lines&#39; pilots approve contract concessions, they will be letting the company&#39;s regional subsidiaries and affiliates operate almost three times as many 70-seat regional jets as before.
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Shares of Delta Air Lines Inc. DAL.N  jumped on Thursday after the company and its pilots union  reached a tentative contract that will save the cash-strapped  carrier $1 billion a year.
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ATLANTA - Delta Air Lines Inc.&#39;s tentative deal with pilots for $1 billion in concessions gives the nation&#39;s third-largest carrier much-needed breathing room.
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Delta Air Lines Inc., working to beat back an $8.4 billion merger bid from US Airways Group Inc., is expected as soon as Tuesday to file a sweeping bankruptcy reorganization plan, The Wall Street Journal said on its Web site, citing people familiar with the matter.
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Delta Air Lines Inc. DAL.N, fighting  to avoid bankruptcy, will issue up to 75 million shares to  employees and creditors. The news sparked a 5 percent drop its  stock on Wednesday.
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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.