Jacobin777 From United States of America, joined Sep 2004, 15375 posts, RR: 58 Posted (11 years 7 months 5 days 16 hours ago) and read 2388 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.
FlyingDoc From United States of America, joined Oct 2004, 87 posts, RR: 0
Reply 2, posted (11 years 7 months 5 days 14 hours ago) and read 2263 times:
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.
Bubbinski From United States of America, joined Jan 2004, 159 posts, RR: 0
Reply 4, posted (11 years 7 months 5 days 14 hours ago) and read 2233 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.
DeltaGuy From , joined Dec 1969, posts, RR:
Reply 5, posted (11 years 7 months 5 days 12 hours ago) and read 2165 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"