Delta Pilots to Strike if Contract Rejected

The chairman of the union's executive committee said the airline has informed the union that it believes the pilots' defined benefit pension plan will be terminated.

In December, Delta and its pilots reached a tentative agreement on interim wage cuts of 14 percent and other cuts equal to an additional 1 percent wage reduction. The purpose was to give the sides time to reach a permanent comprehensive agreement.

The permanent cuts would be on top of $1 billion in concessions that Delta's pilots agreed to in a five-year deal reached in 2004. That deal included a 32.5 percent pay cut.

Delta has reported $11.6 billion in losses since January 2001. It is scheduled to report its fourth-quarter and year-end 2005 results on Tuesday. It filed for bankruptcy in September.


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