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Delta Air Lines can't emerge from bankruptcy as a competitive carrier if it cannot slash $325 million from its pilots' union contract, Delta chief financial officer Edward Bastian testified Monday. The testimony came during the third day of hearings on Delta's attempt to force cuts in its contract with the Air Line Pilots Association, its only major union. ALPA already agreed to $1 billion in cuts and has vowed to hold the line on the additional concessions that Delta seeks.
November 30, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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