The pilots' union at Delta Air Lines Inc. decided yesterday to seek a resumption of contract negotiations with the company, using updated objectives. þþThe union's top council passed a resolution during a special meeting in Los Angeles after getting a financial update from economic experts and investment bankers.þþThe company made its latest proposal in January and no substantive talks have taken place this year. þþÿDelta is under considerable pressure due to increasing fuel costs and declining yields,ÿ the union, a unit of the Air Line Pilots Association, said in a message to pilots. þþDelta, which has posted $3.6 billion in losses since 2000, is asking pilots for pay cuts and has said a bankruptcy filing is possible unless it can stem losses. Delta is based in Atlanta.þþþþ
Source: NY Times
