Delta says revising annual report
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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday it was revising its last annual report to reflect its worsening financial condition and to include the possibility of filing for bankruptcy protection.
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No. 3 airline says loss to be worse than forecasts; gives new warning of bankruptcy threat. NEW YORK  - Delta Air Lines Inc.
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Delta Air Lines inched closer to bankruptcy Wednesday after posting a whopping third quarter loss. For Wall Street and security analysts, the mood is to prepare for bankruptcy, but at Delta, it&#39;s a different story.
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Delta Air Lines said Wednesday it has revised its 2003 annual report to include a new report by its independent auditor warning that bankruptcy is looming.
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Pilots at Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) on Thursday ratified a concession package that will save the carrier $1 billion a year, in a move the company hopes will buy it time to restructure outside of bankruptcy.
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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, and said it is currently pursuing other financing transactions to meet that goal.
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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&#39; (DAL:NYSE - news - research) future cash needs are looking greater than previously thought. Delta said Monday it will need $135 million in liquidity in early 2006 beyond what it has already
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The kind of changes planned at Delta Air Lines, changes that include the loss of up to 7,000 more jobs, reflect needed change throughout the industry, a Clayton College and State University professor says.
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Delta will cut up to 10 percent of its work force over the next 18 months as part of a restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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CHICAGO, Aug 18  - Delta Air Lines Chief Executive Gerald Grinstein presented his long-awaited plan for the airline&#39;s future to board members on Wednesday, a strategy that could determine whether the struggling carrier ...
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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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BEDFORD -- Progress Software Corp. said late yesterday that it no longer considers its financial statements from the past decade to be reliable and plans to restate them to correct errors in accounting for stock-based compensation.
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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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ATLANTA -- Delta Air Lines Inc., which is operating under bankruptcy protection, reported Wednesday a wider fourth-quarter loss of nearly $2 billion because of hefty restructuring items.
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In what could be its final quarterly financial update before filing for Chapter 11, Delta Air Lines Inc. has reported a net loss of $646 million on $3.
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Delta Air Lines Inc., which is transforming its business to reduce costs and attract more fliers, blamed high fuel prices, low fares and hefty charges as it reported a $2.2 billion fourth quarter loss that was much steeper than a year ago.