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Union: Delta Deal Could Avert Bankruptcy

Jacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 61
Posted (8 years 7 months 3 weeks 4 days 20 hours ago) and read 1290 times:

Delta Pilots Union Says Its Concessions Could Save Airline From Bankruptcy

ATLANTA (AP) -- Delta Air Lines' pilots union said late Wednesday it had reached a tentative agreement on concessions that could save the struggling carrier from bankruptcy.
Union spokeswoman Karen Miller said the deal came after 15 months of negotiations that have intensified in recent days. She said the union would review the agreement, but would not provide details for now.

http://biz.yahoo.com/ap/041027/delta_10.html

"Up the Irons!"

6 replies: All unread, jump to last

N160LH From United States of America, joined Aug 2004, 279 posts, RR: 0
Reply 1, posted (8 years 7 months 3 weeks 4 days 18 hours ago) and read 1193 times:

Now i wonder how many of our "golden boys" will retire!!!

Either way it has been a good week for Delta......!

N160LH

"I do alright up in the air, its down on the ground that I tend to mess up..."

FlyingDoc From United States of America, joined Oct 2004, 86 posts, RR: 0
Reply 2, posted (8 years 7 months 3 weeks 4 days 18 hours ago) and read 1165 times:

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The Wall Street Journal is also reporting that an agreement has been reached. It is supposed to save DL $1 billion/year. Details are supposed to be released tomorrow. The negotiators bargained all night on Monday until Tuesday afternoon. They then took a break and resumed today when the agreement was reached. According to the WSJ story, the agreement came within hours of a planned DL board meeting to vote for filing bankruptcy.

Olympus69 From Canada, joined Jun 2002, 1737 posts, RR: 8
Reply 3, posted (8 years 7 months 3 weeks 4 days 17 hours ago) and read 1141 times:

Heres the link.

http://biz.yahoo.com/ap/041027/delta_10.html

Bubbinski From United States of America, joined Jan 2004, 159 posts, RR: 0
Reply 4, posted (8 years 7 months 3 weeks 4 days 17 hours ago) and read 1135 times:

Let's hope this is true and DL won't go into Chapter 11. That would be very good news for a lot of people and places, like Salt Lake City. It seems like a lot of times people go to the very brink then blink and do the right thing. Reminds me of when American avoided bankruptcy at the last minute.

"Simplify" - Thoreau

DeltaGuy From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 7 months 3 weeks 4 days 16 hours ago) and read 1067 times:

Reminds me of that too....but it also makes me wonder if this is just a drop in the bucket to stave off BK for another month or two, only for it to hit then...time shall tell ladies and gentlemen...either way, el piloto pay sure ain't ever gonna look as good as it will for these last few days, and has looked ever since "United Plus 1" Sad

DeltaGuy

Scotron11 From United Kingdom, joined Feb 2004, 1178 posts, RR: 3
Reply 6, posted (8 years 7 months 3 weeks 4 days 15 hours ago) and read 1046 times:

Talk about not giving in without a fight! Fifteen-months of negotiations....and they finally see the writing on the wall....wonder what it said?

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