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Old May 26th, 2004, 12:28 PM
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DougR. DougR. is offline
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Join Date: Nov 2002
Location: Erial, New Jersey
Posts: 3,310
Default Re:Delta filing bankruptcy??

Here is the news item as run in many media outlets on May 11:

Delta Airlines remains under a cloud of financial uncertainty.

The nation's third-largest airline says it may need to seek bankruptcy protection unless it's unions agree to more consessions. Delta has lost more than $3 billion and laid off 16,000 employees in the last three years.

The Atlanta-based carrier is seeking a 30 percent pay cut from pilots, calling pay-cut offer inadequate. The pilots union released a statement saying it's willing to help Delta cut costs and has attempted to negotiate with the company.


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