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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Delta Air Lines

Delta Pilot Talks Have Been Recessed Due to a ‘Lack of Progress’

By
Michelle Toh
Michelle Toh
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By
Michelle Toh
Michelle Toh
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August 11, 2016, 11:07 PM ET
Delta Airlines Posts Wider Third Quarter Loss Of $161 Million
SAN FRANCISCO - OCTOBER 22: A Delta airlines customer is reflected in a sign on a baggage check in kiosk October 22, 2009 at San Francisco International Airport in San Francisco, California. Delta Airlines, the biggest airline in the world, reported a third quarter loss of $161 million, or 19 cents a share compared to a loss of $50 million or 13 cents a share one year ago. (Photo by Justin Sullivan/Getty Images)Justin Sullivan — Getty Images
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The National Mediation Board has called a time-out on Delta Air Lines’ contract negotiations with its pilots, said the chairman of the pilot union.

John Malone, chairman of Delta MEC, announced the update in a letter posted online Aug. 5.

“On Wednesday, August 3, the National Mediation Board (NMB) notified Delta management and your union that mediation would be recessed for three weeks,” wrote Malone.

“It was apparent that this was done because of recent lack of progress at the bargaining table.”

See also: Southwest Airlines CEO Tells Angry Pilots He’s ‘Not Going Anywhere’

“On the positive side,” Malone added, “this is an opportunity for all of us to pause, step back and consider what we want to accomplish in these negotiations.”

The union, which represents 13,000 pilots, had asked for a 40% pay rise over three years, according to CNNMoney.

Delta (DAL) later responded that that “does not provide a reasonable framework for negotiations,” reported Bloomberg.

Read more on Delta: This Is Every CEO’s Worst Nightmare

The airline has said in a statement that it is “committed to reaching a timely new agreement that is market-based, sustainable, and that also ensures Delta pilots have an industry-leading package of pay, benefits and work rules.”

Mediators have next “tentatively scheduled” a meeting with both parties on Aug. 26 to see if they’re ready to continue negotiations, said Malone.

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