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...
avoid fast hard
We're working hard and fast to avoid it,
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.
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.
ability business cost enhances operate represents sale
The sale of ASA to SkyWest represents another important milestone in Delta's transformation as it enhances our ability to operate our business as efficiently and cost effectively as we can,
customers emotions expressed respect running support
Emotions are running high. Our customers have expressed concern. Now more than ever, we need to support and respect one another.
believe best continue court
We continue to believe an out of court restructuring is the best way.
expect man
We expect to be able to man that equipment.
mutual
Without Atlanta, there would not be a Delta. And without a Delta, there would not be the same Atlanta. You could say we are in a mutual nonaggression pact.
additional increased layoffs painless pay recognize work
We have to recognize this is not going to be a painless process. There will be additional layoffs ... There is going to be some pay pain. There will be increased work burdens.
action address business challenges confident continue customers delta financial necessary normal number open operations partners plans preserve priority remain secure step taken throughout travel usual value work
The action we have taken is a necessary and responsible step to preserve Delta's value for our creditors, customers, employees, business partners and other stakeholders as we address our financial challenges and work to secure our future, ... Delta is open for business as usual and will continue normal operations throughout the reorganization process. Our customers can be confident that they remain our number one priority and that their travel plans and SkyMiles are secure.
action address business challenges financial necessary partners secure step taken work
The action we have taken is a necessary and responsible step for our creditors, customers, employees, business partners and other stakeholders, as we address our financial challenges and work to secure our future.
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.
fuel operating price profits quarters record second three
If we had fuel at the price it was three years ago, we would have had probably record operating profits in the first and second quarters of the year. That's how much fuel has impacted Delta.
call effect operations work
If we had a work stoppage that had a substantial effect on our operations for 48 hours, they have the right to call the loans, and I think they would call them.