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Tag: Delta
How four other airlines have fared in and emerged from bankruptcy
United Airlines Filed for bankruptcy: Dec. 9, 2002 Length of time in bankruptcy: 38 months Capacity changes: 20 percent fewer airplanes; trimmed capacity by 8 percent Job cuts: 30 percent fewer employees, about 58,000 Wage/benefit cuts: Terminated defined-benefit pensions; average pay for pilots, mechanics and ground workers dropped about 35 percent; flight attendants’ average pay…
Delta wants to cut pilot’s
According to a memo released by the Air Line Pilots Association (ALPA), Delta wants to cut an unspecified number of pilot jobs through a program that would give pilots an incentive to retire. Under the terms of the proposal, active pilots who have met certain age and length-of-service metrics would be eligible to participate in…