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...
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.
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.
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.
bring chance gave great ideas learning test
It was a great learning experience, ... and it gave us the chance to test ideas and to bring them over.
assure business delta open
I want to assure you. Delta is open for business as usual.
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.
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,
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.
best choice continues customers delta service song standard
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.
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.