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November 12, 2004

Delta Pilots Agree to Slash Salaries

Delta Pilots voted to agree to a 32.5% cut in pay over the next five years, saving the embattled airline some $5 billion in wages over that time period.  The pilots will receive options to buy up to 15% of Delta's stock in exchange for the concession. 

Delta still faces a long and difficult struggle to return to profitability.

Posted by Matt White at 10:21 PM in Employees | Permalink


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