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 -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

 Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at www.airborne-live.net

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 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]

ANN's Daily Aero-Term (04.20.24): Light Gun

Light Gun A handheld directional light signaling device which emits a brilliant narrow beam of white, green, or red light as selected by the tower controller. The color and type of>[...]

Aero-News: Quote of the Day (04.20.24)

"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]

Aero-News: Quote of the Day (04.21.24)

"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]

ANN's Daily Aero-Term (04.21.24): Aircraft Conflict

Aircraft Conflict Predicted conflict, within EDST of two aircraft, or between aircraft and airspace. A Red alert is used for conflicts when the predicted minimum separation is 5 na>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-Flight Training 04.25.24: eDA40 Progress, LIFT-Tuskegee, U of OK

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Airborne-NextGen 04.23.24: UAVOS UVH 170, magni650 Engines, World eVTOL Directory

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC