Delta Air Lines and its pilots union recessed Sunday without reaching an agreement on pay cuts that are key to the carrier's efforts to avoid bankruptcy.
The Atlanta-based airline has said it needs $1 billion in concessions from its pilots -- roughly two-thirds of which would come from pay cuts -- to avoid bankruptcy. The pilots have publicly offered up to $705 million in savings.
The pilots union made a new proposal to management in early October, but it has not said if the offer includes a higher amount of concessions.
Delta, the nation's third-largest carrier, said recently that it may have to file for bankruptcy even with the concessions it is seeking because of its heavy debt.
Delta has lost more than $6 billion and cut 16,000 jobs since early 2001. The airline plans to cut up to another 7,000 jobs in the next 18 months.