Full Debt Payoff Is Unlikely, Delta Says

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A Delta Air Lines Inc. lawyer told a bankruptcy judge on Monday that it's "a safe assumption" the company won't be able to fully repay creditors owed almost $28.3 billion.

Delta, the No. 3 U.S. air carrier, is asking U.S. Bankruptcy Judge Prudence Carter Beatty to authorize pay cuts for its pilots to save $325 million a year as part of a plan to reduce expenses by $3 billion. The pilots union opposes the request. As hearings on the matter entered their seventh day, Beatty said Delta hasn't given her a clear indication of what it needs to reorganize.

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Full Debt Payoff Is Unlikely, Delta Says

"I have not heard anything that I will say remotely impressed me that you have the money, the tal...

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