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...
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Emotions are running high. Our customers have expressed concern. Now more than ever, we need to support and respect one another.
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It was a great learning experience, ... and it gave us the chance to test ideas and to bring them over.
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I want to assure you. Delta is open for business as usual.
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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,
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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.
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As Delta continues its transformation to become a more customer-focused airline, we are incorporating the best of Song into the best of Delta, ... Our new Song service will set the standard in transcontinental travel, making Delta the first choice for customers on these routes.
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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,
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Delta's financial problems are severe, but by no means insurmountable.
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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.
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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.
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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.
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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.
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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.