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 05.02.16

Airborne 05.03.16

Airborne 05.04.16

Airborne 05.05.16

Airborne 05.06.16

Airborne Hi-Def On YouTube

Airborne 05.02.16

Airborne 05.03.16

Airborne 05.04.16

Airborne 05.05.16

Airborne 05.06.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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 05.04.16: FAA Part 23, IAC AirVenture Theme, Boeing 737 MAX

Also: Supersonic Sound Pollution, Wartime WartHog, Biplanes And Triplanes, Esterline, Airbus H145M, 21st CSAF, NATA Appointment On the eve of an FAA public hearing in College Park,>[...]

FAA Administrator Makes Two Major Drone Announcements

Establishes Advisory Committee To Provide Advice On UAV Issues Speaking today at the AUVSI annual conference in New Orleans, FAA Administrator Michael Huerta announced the agency i>[...]

Airborne 05.03.16: Solar Impulse 2, SpaceX v Mars, 5000 Section 333 Exemptions

Also: Textron Drone, Aero-Calendar, Aviation Gateway Park, NASA And FAA, R22 Flashcards, MI Av Program, ArcaBoard At the time we put this report together, the Solar Impulse 2 had s>[...]

Airborne 05.04.16: FAA Part 23, IAC AirVenture Theme, Boeing 737 MAX

Also: Supersonic Sound Pollution, Wartime WartHog, Biplanes And Triplanes, Esterline, Airbus H145M, 21st CSAF, NATA Appointment On the eve of an FAA public hearing in College Park,>[...]

ANN's Daily Aero-Linx (05.05.16)

USHPA Chapters and Clubs Chapters are member-controlled organizations approved by the USHPA. They are autonomous, self-governing, financially independent groups of flying enthusias>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC