DL to further strengthen balance sheet

WorldTraveler

Corn Field
Dec 5, 2003
21,710
10,721
DL has announced plans to further strengthen its balance sheet with a return of stock dividends, stock repurchase, further debt reduction, and accelerated payments on its pension obligations.

DL says the increased debt payments will come by deploying half of its operating cash flow into balance sheet strengthening while half will go into investments into the product including fleet.

DL is targeting a $7B debt level, down another $4B approx. over current levels; DL has paid approx. $6B in debt over the past several years.

DL's frozen pension plans will be further funded to reduce expenses and increase the viability of those plans.

http://finance.yahoo.com/news/delta-announces-plan-return-more-120000009.html