Company Watch - Delta Air Lines.

Mar 20, 2006

DELTA AIR LINES

Delta pilots to present views to panel. Delta Air Lines' pilots union today will start presenting their case to an arbitration panel. The airline, which is operating under bankruptcy protection, wants to secure large pay cuts from the pilots. The union believes Delta needs smaller concessions. Mar 17, 2006

Delta Air Lines expanded its maintenance support agreement with Royal Air Maroc. Delta TechOps will provide MRO work and inventory exchange services covering an additional RAM 767-300ER, the PW2000 engines on a 757 and GTCP331-200 and 131-9B APUs on aircraft operated by RAM subsidiaries. Delta TechOps already services RAM's dash 300ERs, PW2000s and 767-300, 757 and 737-800 APUs. Mar 16, 2006

Delta needs major restructuring, consultant says. Delta Air Lines must restructure if it wants to operate successfully after leaving bankruptcy protection, said Timothy Coleman, a senior managing director of the Blackstone Group. Coleman made the remarks on the third day of an arbitration hearing covering possible pay cuts for Delta pilots. Separately, an AirTran Airways executive said he thinks Delta's asset base will assure its survival. Mar 16, 2006

Delta Air Lines will launch daily Boston-Charleston, S.C., service from June 8 and daily Boston-Quebec City service from June 15. Comair will operate both flights. Delta also will begin daily Cincinnati-Anchorage service from June 8 aboard mainline 757s, twice-daily Cincinnati-Traverse City flights from June 12 aboard Comair CRJs, daily Atlanta-Bangor service starting June 8 operated by Atlantic Southeast Airlines, daily Atlanta-Traverse City service from June 17 operated by ASA and daily Hartford-Las Vegas flights beginning June 8 aboard mainline 737-800s. Mar 15, 2006

Delta CFO: Revenue does not support high costs. Delta Air Lines' chief financial officer said the carrier must cut pilot pay 18% to stay afloat. Ed Bastian said costs remain too high amid fierce competition from discount airlines. "You can't have costs ahead of your unit revenues," Bastian said. "What I wake up at night worrying about is that our proposals are not aggressive enough." Mar 15, 2006

Delta likely to terminate pension plan, lawyer says. Delta Air Lines will probably end its pilots' pension plan, an attorney for the airline said at an arbitration hearing. The decision would increase the obligations of the Pension Benefit Guaranty Corp. United Airlines and US Airways have already terminated their plans, shifting the burden to the PBGC. An arbitrator on Monday urged Delta and its pilots union to reach a settlement. Mar 14, 2006

Delta Air Lines, US Airways

Delta, US Airways seek to refinance in rising market. With US domestic airline fundamentals continuing to improve, Delta Air Lines and US Airways announced plans to refinance significant amounts of debt. Mar 16, 2006