Delta Goes After More Givebacks

As part of its cost-cutting efforts, Delta Air Lines (DALRQ Quote) has asked the court overseeing its bankruptcy to cancel its pilots' contract if the two sides can't cut a deal.

Delta, the nation's No. 3 carrier by passenger traffic, wants $325 million in annual savings from its roughly 6,000 pilots, who are represented by the Air Line Pilots Association. So far, the talks have failed to yield a consensual agreement.

The court has 21 days to hold a hearing following Delta's motion late Tuesday. After that, Judge Prudence Carter Beatty has 30 days to decide whether to approve it. If she does, the airline would be able to impose new terms on the pilots. ...