Delta Air Lines reported a November net loss of $181 million in a Dec. 30 filing with the US Bankruptcy Court compared to losses of $1.14 billion during the six weeks following its entry into Chapter 11 (ATWOnline, Dec. 2) and approximately $300 million in October.November's net loss minus reorganization items and taxes was $164 million. Operating loss was $107 million on revenues of $1.29 billion and expenses of $1.4 billion.

Separately, Delta's pilots ratified the interim agreement reached last month (ATWOnline, Dec. 13) by a 58%-42% margin in voting conducted Dec. 28 by the Air Line Pilots Assn., which said the "narrow" margin reflected members' "anger over the concession request" and concern over "management's failure to outline a plan that demonstrated how further sacrifices would insure Delta's financial future."

The interim agreement provides for a 14% hourly wage reduction, givebacks in other pay and cost items equivalent to an additional 1% and elimination of the post-retirement pilot program. It will cut the average salary from $170,000 to approximately $146,000. The parties now have until March 1 to negotiate a comprehensive labor agreement. If there is no accord, ALPA and Delta have agreed to arbitration on the carrier's original Section 1113 motion.