Airline Could Dodge Bankruptcy Bullet
Delta Air Lines says it's reached a tentative agreement with its
pilot union on pay and benefit concessions -- a deal designed to
deliver $1 billion in long-term, annual savings. In a statement to
ANN, Delta said it would achieve those savings through a
combination of changes to wages, pension and other benefits and
work rules. Pilots have until Nov. 11, 2004, to vote on the
agreement through an expedited electronic ratification process.