Bankrupt Delta Air Lines Inc.'s (DALRQ.PK: Quote, Profile, Research) tentative interim deal with its pilots' union will save the airline about $143 million a year until a comprehensive agreement is reached, a union spokeswoman said on Monday. The real value of the savings for Delta is about $12 million a month, said Air Line Pilots Association (ALPA) spokeswoman Kelly Collins. The No. 3 U.S. airline reached an agreement with ALPA late Sunday that provides for a 14 percent hourly wage reduction as well as cuts in other pay and cost items equivalent to another 1 percent. They will negotiate a comprehensive deal by March 1, with pilot membership ratification due by March 22.
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