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Third-quarter revenue rose 11percentto to 3.08 billion Canadian dollars ($2.03 billion), but higher fuel prices and the threat of a strike by Air Canada pilots cut expected operating income by a third.
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Beyond the pilots' cuts, Mr. Grinstein said Delta must redefine its business model to reflect the industry's new reality, namely an atmosphere of lower fares and lower costs at its competitors.
As I tossed my shoes, liquids and laptop into separate bins, a JetBlue pilot cut in front of me.
The original cut of the pilot episode was 48 minutes long, and had to be trimmed down to 22 minutes.
It is close to sealing an agreement with its pilots to cut $465 million a year in costs.
On Friday, high winds, gusting up to 50mph, forced pilots to cut the amount of water they could carry.
Americans, he added, were generally perceived as being unaccountable in matters of justice in Italy, from cases ranging from the 1998 Cavalese cable car disaster, when 20 people were killed after four American pilots accidentally cut a cable supporting a gondola but never faced prosecution, to the case of Amanda Knox, who was found not guilty of murder last year after a contentious murder trial.
Delta, based in Atlanta, has said it may seek bankruptcy protection without the pilot cost cuts.
Union Says Northwest Seeks 37% Pilot Cost Cuts.
Open image in new window Fig. 4 Pilot oil rate comparison between full field and sector Open image in new window Fig. 5 Pilot water cut comparison between full field and sector.
At higher altitudes, a pilot can cut power to move forward faster and escape a vortex.
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