Air Transport World

Delta Air Lines.(North America report)(Brief Article)

Delta Air Lines faces a funding gap of $85 million early next year, the company said Nov. 8. The shortfall is in spite of some $900 million in new financing recently arranged with GE Commercial Financial Services and American Express Travel Related Services Co.

Delta and its pilots finalized a five-year agreement at the end of Oct. that will save the airline $1 billion annually through a combination of a 32% wage reduction and changes to pensions, other benefits and work rules. …

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