Gerald Grinstein
Gerald Grinstein
GeraldGrinsteinis an American businessman, the former Chief Executive Officerof Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007...
cash preserve
need to preserve as much cash as possible.
bring chance gave great ideas learning test
It was a great learning experience, ... and it gave us the chance to test ideas and to bring them over.
assure business delta open
I want to assure you. Delta is open for business as usual.
against bankruptcy companies race
It's a race against time. These companies in bankruptcy are very fragile.
agreement attempt believe best company cost delta enable equitable exclusive faith goals good helps interest preference proceed reach realize remains strong survive
It remains our strong preference to reach a consensual agreement that is equitable and that helps Delta realize the cost reductions that will enable it to survive and to successfully restructure. I believe these are not mutually exclusive goals and, in the best interest of the company and everyone concerned, we will proceed in good faith in an attempt to realize them.
painless
There is no painless way out of this,
best song
We are incorporating the best of Song into the best of Delta.
full honoring normal operating schedule tickets
We are operating our full schedule of flights, honoring tickets and reservations as usual, and making normal refunds and exchanges.
balance means network stronger
This means we will become a smaller, more cost-efficient airline, with a strengthened network and a stronger balance sheet.
assets continue continuing delta face factors financial fuel future hard identify including market operations outside position pressures secure steps strengthen takes
As Delta takes steps to secure its future as a competitive airline, we will continue to take a hard look at all of our operations and assets to identify opportunities to strengthen our financial position in the face of continuing market pressures and factors outside of our control, including fuel prices.
best choice continues customers delta service song standard
As Delta continues its transformation to become a more customer-focused airline, we are incorporating the best of Song into the best of Delta, ... Our new Song service will set the standard in transcontinental travel, making Delta the first choice for customers on these routes.
additional agreement appreciate bankruptcy business commitment company competitor cost deliver emerge fierce future hardship help needs piece pilots plan progress reflection represents savings shared together vitally work
This is a reflection of a shared commitment to work together to help deliver the cost savings the company needs to successfully emerge from bankruptcy and to become the fierce competitor we know we can be. Together we are making real progress on our business plan and this agreement represents an important piece of our restructuring puzzle. It also represents additional hardship for our pilots and I appreciate their consideration of something that is vitally important to the future of this company.
beat delta financial meet move necessary quickly
Delta will move quickly and decisively to do what is necessary to beat our competitors and meet our financial commitments,
financial problems
Delta's financial problems are severe, but not insurmountable,