Retired Delta pilots get boost
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Delta Air Lines Inc., the number three US carrier, said yesterday it has agreed to give its retired pilots an extra $719 million in unsecured claims in its bankruptcy case to help them recoup losses from the termination of the pilots' pension plan.
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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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Bankrupt Delta Air Lines Inc.   said on Monday its creditors agreed to allow the  carrier to give retired pilots an additional $719 million in  pre-petition claims to help them recoup lost pension benefits.
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After 15 months of negotiations, Delta Air Lines Inc. has secured a tentative contract with its pilots, a move that might help the struggling carrier avoid a Chapter 11 bankruptcy filing.
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Delta Air Lines Inc.  has reached a tentative contract with its pilots that will save the cash-strapped airline &#36;1 billion annually, sending its shares soaring almost 25 percent on Thursday.
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Shares of Italian airline up on optimism that pilot agreement is first step to regaining health. ROME  - With a boost from a vital deal with pilots, Alitalia and unions for cabin crew and ground staff
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Delta Air Lines pilots, who resisted pay cuts for three years as their employer flew ever closer to bankruptcy, have voted to slash their own compensation to save the airline.
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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., the third-largest US carrier, reached a tentative agreement with its pilots union on pay reductions, according to a statement by the union.
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Airline pilots would be allowed to fly until they turn 65 instead of the current mandatory retirement age of 60 under new rules proposed by the Federal Aviation Administration. At least one member of a flight crew would still have to be under 60 under the proposal announced Tuesday by agency administrator Marion Blakey.
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Leaders of Delta Air Lines (DAL:NYSE - news - research) pilots union have approved a tentative package of concessions and will send it to rank-and-file members for a vote.
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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
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Delta Air Line&#39;s pilots negotiation committee last night reached a tentative cost-cutting agreement with the Atlanta-based airline.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines shares rose sharply Wednesday ahead of a Thursday meeting at which the carrier is expected to offer its pilots a stake in the struggling company.
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CHICAGO: Pilots at Delta Air Lines have ratified a concession package that will save the carrier $1bn a year, in a move the company hopes will buy it time to recast outside of 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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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.