DL must cut costs to survive

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DL must cut costs to survive
  The Wall Street Journal reported today that Delta Air Lines (DL) cannot borrow any more money to stay afloat, and the only way it can survive is by cutting its pilots? pay and benefits.
  ?The pilots have acknowledged that the company is in trouble and they have offered to help,? the article said. ?But the pilots argue that they previously gave Delta $1 billion in annual concessions in a five-year deal in 2004, and they believe the amount of further concessions the company is seeking is too much.?
  DL filed for bankruptcy in September.


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