Airlines
After weeks of negotiations, Delta Air Lines Inc. and the pilot union have reached a tentative agreement that includes a roughly $280 million in average annual concessions. The agreement, which runs through 2009, includes a 14 percent wage cut, but also provides a 1.5 percent pay increase in 2005
Airlines
Sabre Holdings, a global travel company, and Delta Air Lines have signed a seven-year agreement that will provide full content to subscribers of Sabre's global distribution system (GDS). This means that all Delta-published fares and inventory will be available to travel agents, corporate customers, and online travel agencies
Airlines
Leaders of the Air Line Pilots Association are set to meet in New Orleans to discuss a tentative contract that was negotiated last week, potentially avoiding a strike threat. The union has been tight-lipped about the details, but reports have surfaced that the agreement would result in a 14 percent
Airlines
Travel agents in the Wilkes-Barre/Scranton area are advising clients to exercise caution when booking flights with Comair, a regional airline for Delta Air Lines, due to a looming labor negotiation deadline. A strike by Comair flight attendants could impact service at the Wilkes-Barre/Scranton International Airport, which is served
Airlines
Seven months after filing for Chapter 11, Northwest Airlines is making rapid progress on its bankruptcy flight path, having cut costs, trimmed its flight schedule, renegotiated leases, and taken steps to revamp its fleet. The carrier's quicker restructuring pace has impressed industry insiders, who note that Northwest has
Airlines
Atlanta-based pilots of Delta Air Lines Inc. have authorized a strike by a wide margin, with 94.7% of 5,590 pilots voting in favor of a walkout. The move comes in response to the company's attempt to reject their contract and impose deep pay cuts. Union leader
Airlines
Airline ticket prices are on the rise as United Airlines increases one-way business fares by $50. The move was quickly mimicked by other major airlines over the weekend, only to be withdrawn after American Airlines refused to join in. The sudden introduction of higher fares has led to confusion among
Airlines
Thousands of passengers passing through Hartsfield-Jackson Atlanta International Airport on Thursday may have been unaware of the sense of urgency among pilots working for Delta Air Lines Inc. Almost 275 pilots, dressed in their uniforms, marched through the airport to demonstrate their opposition to the company's effort to
Airlines
Airline bankruptcy cases frequently generate substantial fees for lawyers. The combined projected total of $276 million for the bankruptcy cases of Delta and Northwest Airlines is lower than the $335 million United Airlines spent during its 38 months in Chapter 11. The court has the final say on what lawyers
Airlines
Delta Air Lines Inc. is asking a U.S. Bankruptcy Court judge to allow it to void nearly 93 million stock options held by 70,000 current and former employees and directors. The Atlanta-based company claims these options would provide little to no real value, making the $305,000 annual
Airlines
In a move that is likely to impact thousands of pilots, Delta Air Lines has announced plans to terminate its pilots' pension plan, following the lead of United Airlines and US Airways in the restructuring process. This decision is part of the airline's bankruptcy protection plan, which
Airlines
Travel insurance companies are opting out of covering expenses related to potential Delta Air Lines strikes, adding to the uncertainty for travelers. Major insurers, including Travel Insured International and Global Travel Shield, have stopped selling policies that would pay out in the event of a labor dispute. This decision comes
