Market Report -- In Play (DAL)
August 18, 2004 09:45:00 AM ET
"Delta Air Lines may offer pilots equity stake to get cuts-- Washington Post (DAL) 3.64 +0.05: The Washington Post is reporting that DAL, in an effort to avoid bankruptcy, is considering offering pilots an equity stake in co in exchange for pay and benefits. Co is hoping to get concessions of about $1 bln a year in exchange for the equity offering plan. Details of the proposal are expected to be released later today at a meeting between the airline executives and union negotiators."
August 18, 2004 09:45:00 AM ET
"Delta Air Lines may offer pilots equity stake to get cuts-- Washington Post (DAL) 3.64 +0.05: The Washington Post is reporting that DAL, in an effort to avoid bankruptcy, is considering offering pilots an equity stake in co in exchange for pay and benefits. Co is hoping to get concessions of about $1 bln a year in exchange for the equity offering plan. Details of the proposal are expected to be released later today at a meeting between the airline executives and union negotiators."