Delta May Ask Pilots For $1 Billion Concession | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Airborne Hi-Def On YouTube

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Wed, Jul 07, 2004

Delta May Ask Pilots For $1 Billion Concession

Otherwise, Carrier Says, It's Chapter 11

Delta Airlines wants its high-paid pilots to give up $1 billion a year in concessions, otherwise threatening to file for Chapter 11 bankruptcy, according to a national newspaper.

USA Today reports the new demand is decidedly higher than the $800 million Delta asked its pilots to give up earlier this year.

The pilots' union (ALPA) appears unwilling to play the "take-it-or-leave-it" deal Delta is offering. A spokeswoman for the union told USA Today that it will make its own offer to the airline next week.

Talks between Delta and the ALPA broke down back in January. The company wanted $800 million a year in concessions. The pilots were only willing to take a 30-percent pay cut. That left them the highest paid pilots in the business, while it left Delta with a lot of red ink on its books.

But the ALPA pilots may want something in return for their concessions. Union Chairman John Malone told USA Today he expects some sort of equity or a seat on the Delta board if his pilots give in.

FMI: www.alpa.org, www.delta.com

Advertisement

More News

Airborne 01.20.17: Astro-NIMBY!, Airbus Flying Car, JetSuiteX v KSMO

Also: Daher Delivers, Aviation Progress, Tecnam P2012, D.B. Cooper, MH370 Search, T-45C Accident, Piper We previously reported that studies indicate many complaints about airport n>[...]

Airborne 01.20.17: Astro-NIMBY!, Airbus Flying Car, JetSuiteX v KSMO

Also: Daher Delivers, Aviation Progress, Tecnam P2012, D.B. Cooper, MH370 Search, T-45C Accident, Piper We previously reported that studies indicate many complaints about airport n>[...]

Airborne 01.19.17: $200K Drone Fine, Sandia IVSI TSO, 'Can't Close' KSMO

Also: MH370 Search Suspended, Supporting AUVSI, Sikorsky S-92, Challenger Astronaut, Stressed Pilots, JBA Aviation, Embraer E2 A settlement agreement has been reached between the F>[...]

ANN's Daily Aero-Linx (01.21.17)

The Lindbergh Foundation The concept of balance is an integral part of what the Lindbergh Foundation Board looks for in a project requesting a grant. Charles and Anne Morrow Lindbe>[...]

ANN's Daily Aero-Term (01.21.17): Jump Zone

The airspace directly associated with a Drop Zone. Vertical and horizontal limits may be locally defined.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC