Pilot leaders OK Delta deal
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The leadership of Delta Air Lines&#39; pilot union early this morning approved a tentative concessionary agreement with the company, sending it to a vote of the entire membership.
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United Airlines, seeking to emerge from Chapter 11 bankruptcy protection, yesterday said it has reached a tentative agreement with its pilots - the first of four major unions to settle with the nation&#39;s second-largest carrier.
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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 Airlines has reached a tentative  agreement with its pilots union on wage and benefit cuts aimed  at avoiding a bankruptcy filing, The Wall Street Journal said  in a report late Wednesday on its Web site.
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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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Pilots blazed the trail. Now, reservations and gate agents at US Airways (otc: UAIRQ - news - people ) gave their thumbs-up to a new deal Thursday.
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At least 100 Delta Air Lines pilots are expected to retire effective Wednesday, the start date for a 32.5 percent pay cut agreed to in a $1 billion concessions package to help save the nation's third largest air carrier from bankruptcy.
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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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Pilots at Delta Air Lines Inc.  on Thursday ratified a concession package that will save the carrier &#36;1 billion a year, in a move the company hopes will buy it time to restructure outside of bankruptcy.
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The pilots union at United Airlines on Tuesday said its negotiators have reached a tentative contract deal with the bankrupt No. 2 US airline.
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The Northwest Airlines and Delta Air Lines boards could meet as soon as today to approve a merger that would create the world's largest carrier, if pilots for the two airlines agree, according to people familiar with the talks.
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With a tentative deal to cut $1 billion in pilot costs, Delta Air Lines appears to have beaten back the threat of bankruptcy -- at least for now, analysts say.
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Leaders of the union that represents pilots at Delta Air Lines  and Northwest Airlines  have reached a deal to integrate the two work groups if the airlines merge, the Detroit News reported on Tuesday.
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Delta Air Lines Inc.'s pilots union on  Tuesday ordered its negotiators to strike a deal with the  carrier to address the possible retirement of a large number of  pilots, which could lead to grounded flights and push Delta  toward bankruptcy.
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Shares of Delta Air Lines Inc. 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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The Air Line Pilots Association (ALPA) and Delta Air Lines Inc. have a tentative agreement to stave off an expected wave of early retirements by Delta pilots.
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ATLANTA -- Delta Air Lines (DAL) and its pilots union reached a tentative agreement that allows the struggling airline to temporarily bring back recently retired pilots to the cockpit to avert staffing shortages which the company has warned could force it