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...
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.
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.
company plan survive
We would not be successful. I don't think the company could survive that and we would not plan to try.
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.
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.
cash preserve
need to preserve as much cash as possible.
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.
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.
cannot certainly level pilot rise
That certainly cannot rise to the level of the pilot situation.
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.
katrina needed
If it needed emphasis, underline and exclamation point, Katrina did that,
painless
There is no painless way out of this,