NEWS: More on Delta's Financial State

Delta warns of possible pilots strikeMSNBC has a nice wrap up on the information Delta released today regarding its financial state. Predictably its bad...really bad. I say predictably not just because the airline is in bankruptcy but because this is an airline seeking $325 million in concessions from its pilots. It is trademark cookie cutter airline bankruptcy stuff to release this info in parallel with any big negotiation. Click Read More!

Also threatened is the pension plan which Delta estimates needs about $3.4 billion, (b-illion, with a b) in funding to cover 2006-2008. Wow, suddenly $325 million from the pilots doesn't seem like nearly enough. Hello...Pension Benefit Guaranty Corporation?...This is Delta Airlines calling...