Report in NYTimes that 229 Pilots at DL have opted for retirement, locking in their benefits prior to a 32.5% pay cut scheduled to go into effect today. 197 of these were early retirements.
These pilots will receive retirement benefits based on their salaries before the pay cuts. They can also elect to receive half their benefits a lump sum and the other half as an annuity later, thus ensuring they receive at least some payout even if DL files for bankruptcy. The carrier only expected 100 pilots to opt for retirement.
694 DL pilots have retired this year and as of last month 2000 of the carriers roughly 7000 active pilots were eligible to retire.