Airlines Seek Pension Relief

Some U.S. airlines are hoping spring will bring relief for the industry's looming pension crisis in the form of government reform.

But while House and Senate committees could take up pension proposals this month, it remains to be seen whether they'll offer the specific industry help for which several carriers have been lobbying vigorously.

American Airlines' parent AMR (AMR Quote), Delta Air Lines (DAL Quote) and Northwest Airlines (NWAC Quote) have been asking lawmakers for more time -- in Delta's case, the request is for as long as 30 years -- to meet unfunded pension obligations. Delta, which has been particularly aggressive in its efforts, argues that such relief would allow airlines to meet their obligations, thus keeping promises to workers and saving government insurers from having to pick up the tab. ...