jacobin777
Posts: 12262
Joined: Sat Sep 11, 2004 6:29 pm

Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 10:34 am

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!"
 
N160LH
Posts: 264
Joined: Tue Aug 10, 2004 5:28 pm

RE: Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 12:14 pm

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
Posts: 72
Joined: Mon Oct 25, 2004 11:53 am

RE: Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 12:30 pm

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
Posts: 1571
Joined: Sat Jun 15, 2002 11:21 pm

RE: Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 12:52 pm

 
Bubbinski
Posts: 157
Joined: Fri Jan 23, 2004 3:48 am

RE: Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 12:53 pm

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
Posts: 3965
Joined: Wed Sep 12, 2001 5:25 am

RE: Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 2:44 pm

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
"The cockpit, what is it?" "It's the little room in the front of the plane where the pilot sits, but that's not importan
 
scotron11
Posts: 1181
Joined: Tue Feb 10, 2004 4:54 pm

RE: Union: Delta Deal Could Avert Bankruptcy

Thu Oct 28, 2004 3:06 pm

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?