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Good morning! Delta made a splash last week when it paid its employees a $1.4 billion bonus. As the airline industry as a whole continues to bounce back from a pandemic-induced downturn, Delta ...
By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. He reduced his own pay by 25%, to approximately $325,000 per year.
Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy, Chapter 11, a second time in December 1990.
November 10, 1946: Delta Air Lines Flight 10, a Douglas DC-3 which departed Jackson, Mississippi attempting to land at then Meridian Key Field (MEI) in a thunderstorm and winds, had a runway excursion after landing, going beyond the end of the runway and up the western slope of a ditch adjoining the highway adjacent to the airport, bouncing over a highway, and coming to rest with the nose ...
Delta reduced its pension and other retirement liabilities by more than $3.5 billion last year, and there could be more improvement coming in the next few years. Delta Air Lines, Inc. Makes ...
Starting salaries are going up as well. Delta Airlines is giving its workers a raise. The Atlanta-based carrier has announced an across-the-board 5% pay raise for eligible ground employees and ...
Ed Bastian. Edward Herman Bastian (born June 6, 1957) is an American business executive. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. [1]
Delta Air Lines said the company will cut corporate positions in order to manage costs amid rising fuel prices and labor costs. The Atlanta-based airline did not specify exactly how many roles ...