Delta Settles Benefit Dispute With Retirees

Law360, New York (October 5, 2006, 12:00 AM EDT) -- Delta Air Lines Inc. has reached an agreement to change the medical benefits of more than 40,000 retirees, which should save the bankrupt carrier about $50 million annually.

"We worked hard together to maintain some of the most critical benefits for the retirees who built this airline while recognizing the critical need to cut costs to save the company they built," said Cathy Cone, chair of the committee appointed by the bankruptcy court.

Many nonpilot retirees under 65 currently pay differing amounts for their health care...
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