August 02, 2004

MSNBC - Delta warns bankruptcy filing remains possible

"By Lucy May
Cincinnati Business Courier
Updated: 8:00 p.m. ET Aug. 1, 2004
Delta Air Lines CEO Gerald Grinstein uses the terms "urgent need" and "burgeoning debt" when describing his carrier's dire financial condition."
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"If an airline is losing money, it's not clear that shrinking operations is the right thing to do," Brueckner said. "The solution for Delta's problems is not hacking away at its network. It's reducing labor costs."

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