By THE ASSOCIATED PRESS
Published: September 8, 2004
ATLANTA (AP) -- Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.
But even with those changes -- part of a $5 billion cost-saving program -- CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September.
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