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...
confident fragile period
On the one hand, I'm very confident about the future, but it is also important to see that this is a very fragile period for the company.
cash preserve
need to preserve as much cash as possible.
balance means network stronger
This means we will become a smaller, more cost-efficient airline, with a strengthened network and a stronger balance sheet.
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,
benefit costs focused marketing overhead reduced simplified
By merging the brands, we will also benefit from a more simplified operation, reduced overhead costs and more focused marketing resources.
company plan survive
We would not be successful. I don't think the company could survive that and we would not plan to try.
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.
katrina needed
If it needed emphasis, underline and exclamation point, Katrina did that,
best song
We are incorporating the best of Song into the best of Delta.
additional agreement appreciate critical delta efforts employees financial given greatly help including nature needed network pilots progress provides reach relief sacrifices save seek
Given the critical nature of our financial situation, this provides much needed financial relief while we seek to reach a comprehensive agreement with ALPA. We greatly appreciate the additional sacrifices Delta employees - including our pilots - are making to help save the company. Working together, everyone's efforts are contributing to the operational progress and network improvements being made under the company's transformation plan.
cannot certainly level pilot rise
That certainly cannot rise to the level of the pilot situation.
avoid fast hard
We're working hard and fast to avoid it,