Exec: Delta Won't Lower Pilot Concessions

Delta would be willing to discuss concerns pilots have about the possible termination of their defined benefit pension plan, the carrier's CFO said.


Delta has lost roughly $12.6 billion since January 2001.

Bastian said Delta needs the cost cuts it is seeking to compete effectively with rivals and survive long-term.

"What we need to survive as a company we can't compromise on, and it would be irresponsible to compromise on," he said.

While he believes the situation will ultimately be worked out without a strike, he acknowledged there are some barriers to that happening.

"I can understand the anger and the frustration, but the reality is we have to put the emotions aside and look forward to the future," Bastian said.

Also Thursday, Delta said it is delaying the filing of its annual report by up to 15 days. It told the Securities and Exchange Commission it needs extra time because of its bankruptcy filing.

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On the Net:

Delta Air Lines Inc.: http://www.delta.com

Pilots Union: http://crewroom.alpa.org/dal/DesktopDefault.aspx

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