Gerald Grinstein Quotes (25 Quotes)

Given the critical nature of our financial situation, this provides much needed financial relief while we seek to reach a comprehensive agreement with ALPA.

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.

Delta will move quickly and decisively to do what is necessary to beat our competitors and meet our financial commitments, and this means we will become a smaller, more cost-efficient airline, with a strengthened network and a stronger balance sheet,

I think the whole company gave it a good shot, ... But there were some things we just couldn't catch up with, and among those was fuel.

On the one hand, I'm very confident about the future, but it is also important to see that this is a very fragile period for the company.

The action we have taken is a necessary and responsible step to preserve Delta's value for our creditors, customers, employees, business partners and other stakeholders. Delta is open for business as usual.

Delta people understandably must make career decisions based on their own best interests and personal circumstances. For those who leave the company either through choice or by the plan's requirements, I hope you know how much your service has been appreciated.

All Delta employees have made significant contributions to help Delta succeed, and they continue to demonstrate a level of professionalism and dedication unrivaled in this industry. Thanks to everyone's sacrifice and continued focus on taking good care of our customers, coupled with the network and revenue improvements we are making, we are delivering real results. We have a solid plan for the future one that holds great opportunity for all Delta people.

It remains our strong preference to reach a consensual agreement that is equitable and that helps Delta realize the cost reductions that will enable it to survive and to successfully restructure. I believe these are not mutually exclusive goals and, in the best interest of the company and everyone concerned, we will proceed in good faith in an attempt to realize them.

the opportunity to go from the Bible land to the land of the Bible.

Emotions are running high. Our customers have expressed concern. Now more than ever, we need to support and respect one another.

If we had fuel at the price it was three years ago, we would have had probably record operating profits in the first and second quarters of the year. That's how much fuel has impacted Delta.

We continue to believe an out of court restructuring is the best way.

And in the event a strike is not enjoined, we would not wait 48 hours we can't survive 24 hours of a strike.

It's a race against time. These companies in bankruptcy are very fragile.

We are operating our full schedule of flights, honoring tickets and reservations as usual, and making normal refunds and exchanges.

I want to assure you. Delta is open for business as usual.

As Delta continues its transformation to become a more customer-focused airline, we are incorporating the best of Song into the best of Delta, ... Our new Song service will set the standard in transcontinental travel, making Delta the first choice for customers on these routes.

By merging the brands, we will also benefit from a more simplified operation, reduced overhead costs and more focused marketing resources.

The sale of ASA to SkyWest represents another important milestone in Delta's transformation as it enhances our ability to operate our business as efficiently and cost effectively as we can,

Delta is fragile ... and it is not a good time to begin a consolidation discussion. The only time to do that is when you have leverage and strength. So that may be somewhere out in the future but that's not now.

I do think consolidation is ahead for our industry.

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.

We would not be successful. I don't think the company could survive that and we would not plan to try.

This is a reflection of a shared commitment to work together to help deliver the cost savings the company needs to successfully emerge from bankruptcy and to become the fierce competitor we know we can be. Together we are making real progress on our business plan and this agreement represents an important piece of our restructuring puzzle. It also represents additional hardship for our pilots and I appreciate their consideration of something that is vitally important to the future of this company.