Delta unprepared for pilot strike - claim.
Delta Air Lines Inc is not prepared for a strike, according to the airline's chief financial officer.
Edward Bastian, the chief financial officer of Delta, has said that a strike by the airline's pilots would be "devastating" because the company is not prepared and has no operational plans in place for a strike. He also told a bankruptcy court that the airline, which reported a loss of USD2.6bn for the first nine months of the year, will need USD3bn in annual cost savings in its reorganisation plan to survive.
The union representing the airline's pilots, the Air Line Pilots Association, has threatened a strike if a court grants Delta's request for concessions. The union has reportedly offered USD90.7m in concessions.
According to US Bankruptcy Court Judge Prudence Carter Beatty, the airline may have been wrong to spend USD2.4bn to buy back its own shares before filing for bankruptcy, The Associated Press reported.
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|Title Annotation:||Delta Air Lines Inc., Air Line Pilots Association threatens to strike|
|Publication:||Airline Industry Information|
|Article Type:||Brief Article|
|Date:||Nov 29, 2005|
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