Seven Months Later

Delta's back in the shitter again. This time, CEO sez tough decisions have to be made, although he gave no indication as to whether or not these would include executive compensation packages. AP (05.19.05):

"Delta Air Lines Inc. will do whatever necessary to achieve the remaining $1 billion of its targeted cost cuts and tough decisions may have to be made, Chief Executive Gerald Grinstein said Thursday. The Atlanta-based company's meeting included a passionate speech from the head of its pilots' union about the sacrifices pilots made to save the company from bankruptcy last fall, a threat Delta again faces just seven months later." Delta CEO Vows to Cut $1 Billion in Costs

What the hell? Just stick it to the pension fund. It's already underfunded by $5.3 billion: "Another Airline Augering In?" Long and short? It's only a matter of time before Delta goes belly-up.