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.
katrina needed
If it needed emphasis, underline and exclamation point, Katrina did that,
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Delta's financial problems are severe, but by no means insurmountable.
financial problems
Delta's financial problems are severe, but not 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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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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It was a great learning experience, ... and it gave us the chance to test ideas and to bring them over.
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Delta will move quickly and decisively to do what is necessary to beat our competitors and meet our financial commitments,
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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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It is a situation where in a rational world, their interests are served better by not striking. They may say they are ready to follow the order to go on strike, but to be anxious to go out and strike is quite another thing altogether.
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This means we will become a smaller, more cost-efficient airline, with a strengthened network and a stronger balance sheet.
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There is no painless way out of this,
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We're working hard and fast to avoid it,
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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.