The Morning Journal - DALLAS - Delta warns it could go bankrupt soon

"DALLAS -- Delta Air Lines Inc. said yesterday it's burning through cash at a faster pace than expected and will file for bankruptcy protection without major cost reductions. "

"Much of Delta's focus remains on its 6,500 pilots. The carrier continues discussions with its chapter of the Air Line Pilots Association, and has asked for $1 billion in annual wage, benefit and efficiency givebacks."
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"Delta pilots earn as much as 60 percent more on an hourly basis than pilots for American Airlines Inc. They conceded $660 million in annual pay and benefits in 2003 to help keep American solvent."

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