Compared with some pilots whose airlines went into bankruptcy protection, retired Delta Air Lines Inc. pilots might feel like they’re sitting pretty.

Delta emerged on Monday from Chapter 11 protection, where it had spent the past 19 months. Terms of the bankruptcy deal call for Delta to pay retired pilots an estimated 65 cents for every dollar owed by their supplemental retirement plan, and an estimated 85 cents for a qualified plan, said Miller & Martin partner G. Dean Booth.

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