"The proposed pilot savings, as difficult and painful as they
are, will make a meaningful contribution to a massive company-wide
effort underway to help transform Delta into a formidable and
viable competitor. I am extremely grateful to all of Delta's
employees who are making enormous sacrifices to help our company
restructure on its own terms and avoid bankruptcy."
Source: Delta CEO Gerald Grinstein, after union
pilots tentatively agreed to a compensation give-back of up to $1
billion a year. The deal still must be ratified by the rank and
file.
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