Delta Low On Cash | 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 05.18.15

Airborne 05.26.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

Sun, Aug 21, 2005

Delta Low On Cash

Concessions Waiting In The Wings?

Delta Airlines warned pilots Friday that their cash levels have dropped below a level that could lead to more concessions from the pilots. Delta pilots ratified a concession package last November to save the company up to $1 billion a year.

"This is not a surprise action. We have given the Air Line Pilots Association a heads up to let them know that Delta's financial situation has fallen short of earlier assumptions," said company spokesman Andy McDill.

In the concession package, Delta agreed that it wouldn't seek additional concessions as long as they kept a certain level of cash available. The pilots union said the memo from Delta only said that 'the company's liquidity has fallen below the threshold liquidity level.'

Although the exact level was not disclosed, the company reported last month that it had $1.7 billion in cash and short-term investments available.

Capt. John Malone, chairman of Delta's ALPA union group, said that the labor contract remains unchanged for now.

"We are doing everything possible to increase our financial situation," said McDill.

Delta has lost almost $10 billion in the last few years.

FMI: www.delta.com

Advertisement

More News

Airborne 05.26.15: S-97 1st Flt, SpaceShipTwo Progress, CO NIMBYs Lose In Court

Also: Sprite UAV, Aero-Calendar, USAF Theater, Aussie F-35, ISS Hacked?, DuPage Airport, ND UAVs Innovation in vertical lift flight took place as Sikorsky Aircraft announced the su>[...]

Aero-Help Wanted: ANN Needs A Good Honest Marketing Manager

ANN/Aero-TV Marketing Department Needs Part or Full Time Personnel E-I-C Note: After months of hints, we've unveiled the beginnings of the 'Airborne Unlimited' project and we're ex>[...]

AeroSports Update: Jimmy Stewart’s Twin Cessna To Be Restored

Pennsylvania EAA Chapter To Restore The Actor's Cessna 310 Hollywood motion pictures can make heroes out of the most unlikely people, and we have certainly seen that in many poorly>[...]

ANN's Daily Aero-Linx (05.27.15)

Cockpit Footage TBM Avenger Emergency Landing Arsenal Of Democracy VE Day Flyover This is the Emergency Landing at DCA, Reagan National, of the Military Aviation Museum TBM Avenger>[...]

ANN's Daily Aero-Term (05.27.15): Negative

Contradicts a previous statement by the other speaker.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC