It has taken over the responsibility for paying pension benefits to more than 13,000 active and retired pilots.
The pension plan is underfunded by about US$3 billion, with $1.7 billion in assets to cover more than $4.7 billion in benefit liabilities.
Of the $3 billion in underfunding, the PBGC estimates that it will be liable for almost $920 million, making the Delta plan the sixth-largest claim in the agency’s 32-year history.
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