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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 ...
The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
Gerald Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline.
Donald J. Carty. Donald J. Carty, OC (born July 23, 1946) is a Canadian-American businessman who is chairman of Porter Airlines. Carty also is a director of VMWare, Hawaiian Airlines and Betterez. He was previously chairman and chief executive officer (CEO) of AMR Corporation, the parent company of American Airlines, from 1998 to 2003.
In the past, US Airways and United Airlines, now merged into United Continental , have seen the PBGC take over certain pension-plan obligations to provide benefits to their workers as part of the ...
The company is also sharing the wealth: Delta CEO Ed Bastian announced Wednesday that the airline was paying out $1.4 billion in profit-sharing payments to its more than 100,000 employees.
Delta Air Lines is one of the major airlines of the United States and a legacy carrier headquartered in Atlanta, Georgia. The United States' oldest operating airline and the seventh-oldest operating worldwide, Delta along with its subsidiaries and regional affiliates, including Delta Connection, operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.
Women in that generation are faring worse than men, holding about 30% less in savings, and Hispanic and Black boomers hold far less wealth than white retirees. 'Be mindful'
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