Despite Financing, Concessions, Delta Issues Another Bankruptcy Warning | 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-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Wed, Nov 17, 2004

Despite Financing, Concessions, Delta Issues Another Bankruptcy Warning

Airline Says High Fuel Prices May Drive It Under

A billion dollars' worth of pilot concessions and another $1 billion in financing from the likes of American Express and General Electric may not be enough to save Delta Airlines from bankruptcy, according to airline executives in a filing with the Securities and Exchange Commission.

The airline reported, by 2006, it would need to:

  • Defer another $175 million in debt
  • Find up to $150 more in financial backing
  • Come up with $85 million in liquid assets

"We have not yet obtained any commitments for such additional deferrals and finance and cannot assure you we will be successful if these transactions are not consummated," the filing said.

There was no immediate indication that Delta would go back to its employees for another round of concessions. Still, the airline told federal regulators its pension obligations will be a big burden over the next few years and could lead the airline right back to the brink of financial disaster.

FMI: www.delta.com

Advertisement

More News

NTSB Final Report: Rutan Long-EZ

He Attempted To Restart The Engine Three Times. On The Third Restart Attempt, He Noticed That Flames Were Coming Out From The Right Wing Near The Fuel Cap Analysis: The pilot repor>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Classic Aero-TV: ICAS Perspectives - Advice for New Air Show Performers

From 2009 (YouTube Edition): Leading Air Show Performers Give Their Best Advice for Newcomers On December 6th through December 9th, the Paris Las Vegas Hotel hosted over 1,500 air >[...]

ANN's Daily Aero-Linx (06.28.25)

Aero Linx: NASA ASRS ASRS captures confidential reports, analyzes the resulting aviation safety data, and disseminates vital information to the aviation community. The ASRS is an i>[...]

Aero-News: Quote of the Day (06.28.25)

“For our inaugural Pylon Racing Seminar in Roswell, we were thrilled to certify 60 pilots across our six closed-course pylon race classes. Not only did this year’s PRS >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 07.01.25: Volocopter Returns, B23 Energic, Iran Tech In UAVs?

Airborne 06.30.25: US v ADS-B Misuse, Nat’l STOL Fire, Volocopter Resumes

Airborne 06.27.25: ANN's HUGE OSH Coverage!, NCAR Racing Seminars, JFK Lawsuit

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC