Delta still not out of the woods in terms of avoiding bankruptcy
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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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Delta Air Lines, which has narrowly  avoided bankruptcy in the past few months, on Thursday said its  fourth-quarter loss mushroomed as it struggled with high fuel  prices and low fares stemming from tough competition.
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The chief executive of Delta Air Lines Inc. said Thursday a tentative pact the company has reached with its pilots for $1 billion in concessions doesn&#39;t mean the struggling carrier is out of the woods in terms of avoiding bankruptcy.
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Delta Air Lines revised its annual report yesterday to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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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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ATLANTA -- Struggling Delta Air Lines Inc. plans additional job cuts as part of its effort to avoid bankruptcy, chief executive Gerald Grinstein said yesterday in a memo to employees.
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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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ATLANTA -- 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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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 is to cut wages by 10 percent and its chief executive will go unpaid for the rest of the year, but it still warned of bankruptcy within weeks unless more cuts are made.
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Delta Air Lines DAL.N, which has  narrowly avoided bankruptcy in the past few months, on Thursday  said its fourth-quarter loss mushroomed as it struggled with  high fuel prices and low fares stemming from tough competition.
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Delta Air Lines Inc. is axing up to 7,000 jobs, shedding its Dallas hub and will have to file for bankruptcy if it can&#39;t get a grip on a growing number of early pilot retirements by the end of September, the
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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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ATLANTA -- Delta Air Lines Inc. is considering exchanging some of its debt, possibly for equity in the company, as part of a larger effort to avoid bankruptcy.
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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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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 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.