Delta Air's Pilots Reach Tentative Agreement
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Delta Air Lines Inc. has reached a  tentative contract with its pilots in a move that could stave  off a bankruptcy filing, sending its shares up 24 percent in  premarket trading on the INET electronic brokerage system.
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Delta Air Lines Inc. DAL.N has  reached a tentative contract with its pilots that will save the  cash-strapped airline $1 billion annually, sending its shares  soaring almost 25 percent on Thursday.
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Delta Air Lines' pilots union said last night it had reached a tentative pact on concessions that could save the struggling carrier from bankruptcy.
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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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Bankrupt US Airways Group Inc.  reached a tentative agreement on Friday with negotiators for its pilots union on &#36;300 million in annual concessions.
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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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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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United Airlines, seeking cost cuts to help it get out of bankruptcy, has reached a tentative agreement with its pilots union, the first labor accord on additional concessions the carrier proposed last month.
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Delta announced Wednesday that it had reached a new tentative cost-cutting agreement with the union that represents its 185 flight superintendents although details of the contract were not released.
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Delta Air Lines&#39; pilots union said Wednesday night it had reached a tentative agreement on concessions that could save the struggling carrier from 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 U.S. airline.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
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US Airways Group Inc. said on Friday  it reached a tentative agreement with its Air Line Pilots  Association union that would save $300 million annually and  move the bankrupt airline closer to implementing a  transformation plan.
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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 Inc. took a giant step away from bankruptcy with a tentative agreement on contract concessions from its pilots. But details on the proposal reached Wednesday were withheld while it was reviewed
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A tentative $1 billion agreement reached by Delta Air Lines and its pilots union late Wednesday seemed to come at a painful, but practical cost.
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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.