Delta May Be Close to Filing for Bankruptcy Protection
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Delta Air Lines could seek bankruptcy protection as soon as next week, unless it reaches a deal with its pilots' union and makes significant progress in restructuring its debt.
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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&#39; CEO is cautioning that a tentative pact reached with pilots for a billion dollars in concessions doesn&#39;t guarantee the struggling carrier has avoided a possible bankruptcy filing.
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NEW YORK, October 20  - Delta Air Lines (DAL.NYS) has inched further towards a potential bankruptcy, with the company&#39;s 3Q04 losses nearly quadrupling from the year-ago levels.
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The third-quarter losses loomed largest at Delta Air Lines Inc., which faces bankruptcy unless it can quickly win concessions from its pilots and debt holders.
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United and US Airways -- in bankruptcy protection and Delta Air Lines creeping ever closer, passengers are increasingly worried about some fundamental issues
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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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Georgia&#39;s homegrown Delta Air Lines has scratched and clawed for three years now, trying to gain every concession it deemed necessary to avoid filing bankruptcy.
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Delta Air Lines Inc.&#39;s outside auditors question the carrier&#39;s ability to continue as a viable business as it tries to avoid filing for bankruptcy protection.
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Delta Air Lines late Wednesday revised its annual report to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.
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A group of nine unsecured creditors of  Delta Air Lines Inc.  have formed an unofficial  committee to represent their interests, as the bankrupt carrier  faces a takeover bid, according to court filings on Thursday.
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ATLANTA -- Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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A U.S. bankruptcy court on Wednesday  allowed Delta Air Lines Inc.  to begin seeking  creditor approval for its reorganization plan, bringing the No.  3 U.S. carrier a big step closer to exiting bankruptcy this  spring.
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Delta Air Lines Inc. is axing up to 7,000 jobs, shedding its Dallas hub and will have to file for bankruptcy if it can&#39;t get a grip on a growing number of early pilot retirements by the end of September, the
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Key elements of Delta Air Lines Inc.'s broad turnaround plan will take months if not years to implement, suggesting the struggling carrier is setting itself up for how it will survive after a likely Chapter 11 filing, industry observers and legal experts said yesterday.
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Delta Air Lines said late Wednesday that it was revising its last annual report to reflect its worsening financial condition and to include the possibility of filing for bankruptcy protection.