Quantcast
Last updated on April 18, 2014 at 17:24 EDT

Delta pilots ratify contract: sources

May 31, 2006

NEW YORK (Reuters) – Pilots at Delta Air Lines Inc. have
voted to approve a new contract with the company, clearing one
major hurdle in the bankrupt carrier’s restructuring plan,
sources familiar with the situation said on Wednesday.

The pilots, who are represented by the Air Line Pilots
Association, voted 61 percent in favor of the deal that will
save Atlanta-based Delta $280 million a year, according to
sources.

Delta, which filed for bankruptcy protection from creditors
in September and is restructuring its operations, is seeking $3
billion a year in revenue increases and cost cuts.


Source: reuters