Delta &#39;reaches cost-cutting deal&#39;
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, a deal that could save it from bankruptcy.
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Delta Air Lines&#39; decision to reduce fares out of Cincinnati/Northern Kentucky International Airport is good news for the region, but the key will be whether the airline is committed to sustaining the reasonable rates.
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ATLANTA -- Delta Air Lines pilots handed the struggling airline a huge victory yesterday in its effort to avoid bankruptcy, agreeing to slash their salaries by more than $1 billion annually and forgo pay raises through 2009.
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Delta Air Lines Inc., the No. 3 U.S. carrier, said on Wednesday it is cutting its airfares by as much as 50 percent for travel in the continental United States.
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Delta Air Lines pilots ratified $1 billion a year in pay cuts and other concessions that have become the linchpin of the company&#39;s efforts to keep from spiraling into bankruptcy.
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NOVEMBER 12, 2004 -- The union representing Delta Air Lines&#39; pilots yesterday announced its membership had widely approved an agreement that cuts the carrier&#39;s labor costs by $1 billion annually.
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The much-awaited &#39;Transformation Plan&#39; for Delta Air Lines Inc., one of Tampa International Airport&#39;s largest carrier, will include further job cuts, wage and benefit reductions and a new strategy that will help Delta revitalize its entire business.
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Delta Air Lines is cutting pay, increasing employees&#39; share of health-care coverage and trimming retirement benefits - all to stave off bankruptcy.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines and its pilots reached a tentative contract agreement late Wednesday, according to the pilots union, potentially allowing the struggling carrier to avoid declaring bankruptcy.
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Delta Air Lines cuts domestic fares by as much as 50% as part of continuing efforts to ensure its financial survival.
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NEW YORK  - Delta Air Lines appeared to have averted imminent bankruptcy with a cost-saving deal with its pilots union, but still faces challenges ahead, analysts said.
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Delta Air Lines Inc., the nation's third-largest carrier, said Tuesday it has obtained a commitment for $2.5 billion in exit financing as part of its plan to emerge from bankruptcy
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Atlanta | Delta Air Lines is cutting the pay of executives, administrative staff and front-line employees by 10 percent, increasing the shared cost of health care coverage and making changes to retirement benefits as part of its turnaround plan.
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ATLANTA - Delta Air Lines Inc. has a tentative deal on pilot concessions and much-needed breathing room, but uncertainty about the carrier&#39;s debt restructuring remains.
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Negotiators for the Air Line Pilots Association and Delta Air Lines held unusual weekend talks, a sign of the deadline pressure both sides are feeling to agree on $1 billion in wage and benefit cuts before the third largest airline is forced into Chapter
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At least 100 Delta Air Lines Inc. pilots are expected to retire effective Wednesday, the start date for a 32.5-percent pay cut agreed upon in a $1 billion
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At least 100 Delta Air Lines (nyse: DAL - news - people ) pilots are expected to retire effective Wednesday. That&#39;s the starting date for the 32.5% pay cut agreed upon under Chief Executive Gerald Grinstein&#39;s master plan.