Pilots at Delta Air Lines approved a second major pay cut in 13 months Wednesday to help their cash-strapped airline survive bankruptcy. By a vote of 58 percent to 42 percent, rank-and-file pilots ratified a union-backed measure that immediately slashes their pay 14 percent. The pay cut comes on top of a 32.5 percent pilot wage drop last year. The latest concession is part of $3 billion in annual savings Delta is seeking to emerge from Chapter 11 bankruptcy court protection.
Bad for the pilots, but Delta dodged a bullet on this one. I think everyone knew a strike would have been rapidly fatal. I'd say "Fly Delta, guys!" but dang it, their prices are really high...
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