Delta Pilots Ratify Concession Package
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Pilots at Delta Air Lines Inc. 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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Pilots at Northwest Airlines have ratified a USD$265 million concession package that includes 15 percent pay cuts, the pilots union said on Friday.
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Pilots at Delta Air Lines overwhelmingly approved a new five-year contract with $1 billion in annual concessions sought by the airline.
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Delta&#39;s pilots union said today that it has tentatively agreed to the full $1 billion in wage and benefit reductions the airline said it needs to help it avoid bankruptcy.
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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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More than 200 Delta Air Lines (DAL.N: Quote, Profile, Research) pilots retired as a concession package aimed at saving the No. 3 airline from bankruptcy took effect on Wednesday.
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Pilots at Northwest Airlines Corp., the No. 4 US air carrier, have ratified a $265 million concession package that includes 15 percent pay cuts, the pilots union said on Friday.
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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.   voted to approve a new contract with the company,  clearing one major hurdle in the bankrupt carrier&#039;s  restructuring plan, the airline and the union said on  Wednesday.
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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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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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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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DECEMBER 17, 2004 -- United Airlines&#39; pilots union leaders last night agreed to send a new tentative agreement to its members for a ratification vote, according to a message sent to company employees.
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The union representing US Airways pilots voted yesterday to send a concessionary contract, meant to save the troubled airline $300 million a year, to its 3,200 pilots for a vote.
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Delta Air Lines Inc. and the Pension Benefit Guaranty Corp. have reached a settlement over key issues related to the carrier's request to terminate its pilots' pension plan.
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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 pilots union at Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) , the No. 4 US air carrier, ratified a $265 million concession package that includes 15 percent pay cuts, the union said on Friday.