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Company Watch - Delta Air Lines.

For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Sep 11, 2006

Comair president faces challenges in first three months. The crash of a Comair plane last month was the latest challenge for Comair President Don Bornhorst, who took the post three months ago. Bornhorst is trying to guide the airline out of bankruptcy protection and reach a contract agreement with the company's flight attendants. Sep 6, 2006

Comair gets extension from Delta; first crash lawsuit filed. Comair received an extension Friday from Delta Air Lines to Oct. 2 for submitting its bid for Regional jet services. At the same time, the first lawsuit was filed against the carrier by a family of one of the victims from last week's fatal CRJ200 crash. A lawsuit was filed Friday on behalf of passenger Rebecca Adams in which lawyers argued that Comair's negligence led directly to the crash. The airline said it cannot comment on pending litigation but acknowledged that more lawsuits are likely. Sep 5, 2006

Court allows Delta to end pilot pension plan. A federal bankruptcy court on Tuesday granted Delta Air Lines' request to terminate its pilots' pension plan. The carrier also needs approval from the Pension Guaranty Corp. Ending the pension is a key part of Delta's plan to lower costs and emerge from bankruptcy protection. Sep 6, 2006

Delta Air Lines yesterday received permission from the US Bankruptcy Court to terminate its pilot defined benefit pension plan. The carrier established Sept. 2 as the effective termination date but still must obtain approval from the US Pension Benefit Guaranty Corp. Termination had been opposed by a group of 100 retired pilots, but that organization removed its objection over the weekend. DL will pay the group some $500,000 to cover legal fees and other expenses. "Unfortunately, the Airline Relief Act provisions provide no relief from the unaffordable costs resulting from the pilot plan's lump sum feature, expected to exceed more than $1 billion in the near term alone, that would confront Delta upon emergence from bankruptcy and beyond," Executive VP and CFO Edward Bastian said. Sep 6, 2006

Delta Air Lines issued an RFP for a portion of its Delta Connection services operated by subsidiary Comair and other carriers as part of its effort to cut costs and emerge from bankruptcy. Comair President Don Bornhorst said he sought an extension of Delta's Sept. 18 deadline so executives at the Regional can "keep our focus now exactly where it should be" in contending with the crash's aftermath. The carrier, also in bankruptcy, is trying to retain existing Delta Connection services as well as win new services. But dealing with the crash investigation and the families of the flight's 49 victims is its immediate priority. Sep 5, 2006

Delta to charge Amadeus clients $3.50-per-segment fee. Friday morning, Delta notified agencies that use Amadeus that it would begin charging a $3.50-per-segment fee on all Amadeus bookings. The changes went into effect at noon EST on Friday. Sep 5, 2006

Delta may push back deadline for regional flying bids: Delta Air Lines may relax a Sept. 18 deadline for bidding on its regional routes because of the ongoing crash investigation at Comair. Delta last week said it would take bids on its regional routes, a move that put more pressure on Comair to secure cost-cutting labor contracts. Sep 4, 2006
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Publication:Airguide Online
Date:Sep 11, 2006
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