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 critical delta efforts employees financial given greatly help including nature needed network pilots progress provides reach relief sacrifices save seek
Given the critical nature of our financial situation, this provides much needed financial relief while we seek to reach a comprehensive agreement with ALPA. We greatly appreciate the additional sacrifices Delta employees - including our pilots - are making to help save the company. Working together, everyone's efforts are contributing to the operational progress and network improvements being made under the company's transformation plan.
assure business delta open
I want to assure you. Delta is open for business as usual.
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.
event hours strike survive wait
And in the event a strike is not enjoined, we would not wait 48 hours; we can't survive 24 hours of a strike.
ahead
I do think consolidation is ahead for our industry.
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.
painless
There is no painless way out of this,
avoid fast hard
We're working hard and fast to avoid it,
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.
company plan survive
We would not be successful. I don't think the company could survive that and we would not plan to try.