Delta pilots OK wage cuts

Delta Air Lines pilots yesterday agreed to $1 billion in pay and benefit cuts to help the carrier avoid bankruptcy. The pact will cut pilots' pay by 32.5% effective Dec. 1; in return, the pilots will get a 15% stake in the company.   The Cincinnati Enquirer, Journal and Constitution (Atlanta) (free registration) (11/11),   USA TODAY (11/12),   The New York Times (free registration) (11/12),   The Washington Post (free registration) (11/12)