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-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

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

Sierra Space Repositions Dream Chaser for First Mission

With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

See All

Advertisement

Podcasts

Advertisement

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