KimWDW
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http://news.yahoo.com/s/ap/20060314/ap_on_bi_ge/delta_pilots
Delta Air Lines Inc. is "tapped out" and can't borrow any more money to cover its mounting losses, making deep pay and benefit cuts it is seeking from its pilots essential to its survival, the company's chief financial officer told an arbitration panel Tuesday.
"We are clearly in the worst shape and are the most fragile of anyone in the industry," Bastian told the panel.
Delta Air Lines Inc. is "tapped out" and can't borrow any more money to cover its mounting losses, making deep pay and benefit cuts it is seeking from its pilots essential to its survival, the company's chief financial officer told an arbitration panel Tuesday.
"We are clearly in the worst shape and are the most fragile of anyone in the industry," Bastian told the panel.