Delta Air Lines and Northwest Airlines, both of which filed for Chapter 11 protection last Wednesday, have begun shrinking their operations. Northwest told its pilots union it intends to cut flying hours by 13% over the next eight months, which will result in furloughs for 400 of the 5,200 pilots currently flying, according to the Air Line Pilots Assn. Separately, it asked the bankruptcy court for authority to reject leases or finance agreements on 13 stored aircraft comprising one 747, one ...

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