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...
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.
balance means network stronger
This means we will become a smaller, more cost-efficient airline, with a strengthened network and a stronger balance sheet.
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,
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.
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.