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Delta Pilots Agree to 32% Pay Cut


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Thursday November 11, 6:57 pm ET

Delta Pilots Agree to Accept Pay Cuts

Delta Pilots Agree to Plan That Will Reduce Salaries, Offer No Pay Raises for Next Five Years

ATLANTA (AP) -- Delta Air Lines pilots handed the struggling airline a huge victory Thursday in its effort to avoid bankruptcy, agreeing to slash their salaries by more than $1 billion annually and forgo pay raises through 2009.

Union leaders reached a tentative agreement with Delta after 15 months of negotiations. The five-year contract calls for a 32.5 percent pay cut and becomes effective Dec. 1.


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