Creditors of Delta Airlines have set up a committee to handle debt-restructuring talks with the airline on expectations that the third-largest US carrier may file for bankruptcy.
The committee includes debt holders, vendors and the company's pilot unions. Investment company Saybrook Capital has been hired as financial adviser to the committee.
Creditors started discussing a committee last month but its creation does not suggest that Delta is any closer to a possible bankruptcy filing.
Delta has not yet indicated whether it plans to recognise the committee.
Low airfares and higher oil prices have led to more than $3.6 billion in losses at Delta, which is under pressure to compete with low cost carriers and rivals with lower operating expenses.
Delta is the world's second largest airline in terms of passengers carried and the leading US carrier in Europe, offering daily flights to 494 destinations in 86 countries on Delta, Song, Delta Shuttle, the Delta Connection carriers and its worldwide partners.
It flies from Atlanta to Dublin and Shannon.
