Busy Day on the Delta Air Lines Watch

DeltaFirst Delta Airlines completed negotiations on restructuring their debt with American Express and General Electric. This will free upwards of 30 million dollars and provide the ability to increase their fuel hedges.

Then they announce the hiring of Ernst and Young to serve as Delta’s accounting firm, replacing Deloitte and Touche.

Concerning Delta’s ComAir subsidiaries contract negotiations with their flight attendants, the company has asked the courts to throw out their contract. They are looking for 42 million in cost savings. If this dies not work, Delta’s CFO will explore selling the regional carrier.

 

Posted on March 29, 2006 by The Travel Blogger

Filed under Delta Air Lines, Airline | |



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