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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 01.15.18

Airborne-UnManned 01.16.18

Airborne 01.17.18

AMA Drone Report 01.18.18

Airborne 01.19.18

Airborne-YouTube

Airborne 01.15.18

Airborne-UnManned 01.16.18

Airborne 01.17.18

AMA Drone Report 01.18.18

Airborne 01.19.18

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 01.17.18: Trans States $$$, Lost Pilot, Scout Aero Heli

Also: Autonomous Air Tanker, Turkish Airliner Cliff Dive, GAMA Scholarship, Rolls-Royce Test Facility Trans States Airlines has announced a $44,000 signing bonus for new hire First>[...]

AMA Drone Report 01.18.18: 1 Million Drone Reg's, Autel EVO, FAA Sued Again

Also: New DJI Mavic?, SureFly Not Yet, Drones Tracking Illegal Dumping, 'Illicit' Drone Video The FAA has registered a million drones, the DOT announced last week at CES in Las Veg>[...]

Airborne-Unmanned 01.16.18: AUVSI Trusted Operator, Typhoon H Plus, Intel

Also: Drones Tracking Illegal Dumping, Arctic UAS, Airspace Situational Awareness, TrueView R20 AUVSI has announced the appointment of leading industry stakeholders to serve on a s>[...]

Airborne 01.19.18: Airbus A380 Reprieve, FAA Sued, FAA Defends Drop Zone

Also: Skydiving Museum, Nature Air Suspended, IAC 2017 Collegiate Program, StandardAero Ceases LAX Ops You can hear the sigh of relief from across the Atlantic... After several mon>[...]

Airborne 01.19.18: Airbus A380 Reprieve, FAA Sued, FAA Defends Drop Zone

Also: Skydiving Museum, Nature Air Suspended, IAC 2017 Collegiate Program, StandardAero Ceases LAX Ops You can hear the sigh of relief from across the Atlantic... After several mon>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC