Delta Air Lines late Tuesday asked a US Bankruptcy Court to permit it to impose a new contract on its pilots under Section 1113 of the US Bankruptcy Code that would reduce pilot pay rates by 19.5%, providing estimated savings of $325 million annually, according to the airline. The pilots are the only unionized workgroup at Delta. The carrier is imposing $605 million in pay and benefit reductions on its 44,000 other employees. Delta took the action after talks with the Air Line Pilots Assn. ...

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