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...
financial means problems
Delta's financial problems are severe, but by no means insurmountable.
based best career choice company decisions delta either hope interests leave people personal service
Delta people understandably must make career decisions based on their own best interests and personal circumstances. For those who leave the company either through choice or by the plan's requirements, I hope you know how much your service has been appreciated.
begin delta fragile future good leverage somewhere time
Delta is fragile ... and it is not a good time to begin a consolidation discussion. The only time to do that is when you have leverage and strength. So that may be somewhere out in the future but that's not now.
among catch company gave good
I think the whole company gave it a good shot, ... But there were some things we just couldn't catch up with, and among those was fuel.
anxious follow interests order quite rational ready served situation strike
It is a situation where in a rational world, their interests are served better by not striking. They may say they are ready to follow the order to go on strike, but to be anxious to go out and strike is quite another thing altogether.
katrina needed
If it needed emphasis, underline and exclamation point, Katrina did that,
cannot certainly level pilot rise
That certainly cannot rise to the level of the pilot situation.
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.
ahead
I do think consolidation is ahead for our industry.
event hours strike survive wait
And in the event a strike is not enjoined, we would not wait 48 hours; we can't survive 24 hours of a strike.
care continue continued dedication delivering delta employees focus good great help holds level network opportunity plan revenue sacrifice solid taking thanks
All Delta employees have made significant contributions to help Delta succeed, and they continue to demonstrate a level of professionalism and dedication unrivaled in this industry. Thanks to everyone's sacrifice and continued focus on taking good care of our customers, coupled with the network and revenue improvements we are making, we are delivering real results. We have a solid plan for the future; one that holds great opportunity for all Delta people.