SFGate: Summary: Delta's future still uncertain

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This article was sent to you by someone who found it on SFGate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2004/10/28/f=
inancial1548EDT0249.DTL
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Thursday, October 28, 2004 (AP)
Summary: Delta's future still uncertain
The Associated Press


   (10-28) 12:48 PDT (AP) --
   THE PILOTS: The union representing Delta's roughly 7,000 pilots has
tentatively agreed to a new contract that specifies $1 billion in annual
concessions.
   THE DEBT: The Atlanta-based airline's total debt stands at $20.6 billion.
Progress on efforts to restructure a chunk of that total remains
uncertain.
   WHAT'S NEXT: Rank-and-file pilots will vote on whether to accept the new
contract, through Nov. 11. In the meantime, the nation's third-largest
airline will scramble to achieve all of its cost-cutting targets, which
are intertwined. Its success could determine if it will have to seek
bankruptcy protection.

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Copyright 2004 AP

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