Delta Airlines Reported to File Chapter 11 Within 48 Hours.

Fox News, 6;08 PM | Sept 12, 2005 | AGP

[AGreatPer]

Just reported that Delta will file for Chapter 11 within 48 hours.

My words - Northwestern won't be far behind.

[AGreatPer]

Southwest and other non-union carriers will flourish.

[atomicpossum]

I thought the headline meant the Mississippi Delta...

[Ronaldus Magnus]

Southwest would also be loosing a great deal of money right now if they hadn't locked in their fuel prices, union or no union.

[Colonel_Flagg]

My words - Northwestern won't be far behind.

Naw. They won by one point on Saturday.

Now Northwest, on the other hand, might be right behind Delta :)

[ExcursionGuy84]

Delta Going Under within 48 hours

I don't quite think that Chapter 11 (Bankruptcy) is equivalent to Chapter 7 (Liquidation...or Dissolution of the Company)

[Natural Law]

All government aid should be titled "Union Bailouts" since non-union airlines are doing OK.

[AntiGuv]

Here is the Reuters story, with this pathetic little tidbit:

To obtain the financing, Delta will have essentially to hock every unencumbered asset....

hock: To disable by cutting the tendons of the hock; hamstring.

hawk: To peddle goods, as in a marketplace.

[AGreatPer]

I will miss all of those Southern Belle stews. (OK, PC - Flight Attendents)

Seriously, over the years I have found Delta to be the best service in the industry.

[MikeGranby]

hocktr.v. hocked, hock·ing, hocks
To pawn: hock a diamond ring.

[MikeGranby]

hocktr.v. hocked, hock·ing, hocks
To pawn: hock a diamond ring.

[Clemenza]

BTW: I was told by some folks at Delta that they were going to file on Friday after the Exchange closed. I guess my sources were off by 2-3 business days. I need to give them a call to see why they waited.

[ARA]

Not lately... Continental is best by far

[AGreatPer]

"Naw. They won by one point on Saturday."

You really got me on that one. Thank you Colonel

Northwest, not Northwestern

[Clemenza]

Correction: LOW-COST (largely nonunion, with the exception of SW, which has its own "in-house" union) will thrive.

Again, the problem is too much capacity on the market, a lumbering industry given too much support from the NTSB, to say nothing of GE Capital opening the spigot and keeping the legacy carriers on life support.

[sabatino28]

I guess its time to sell

[Mr.Unique]

I'll cancel my reservations.

[Tanniker Smith]

hock: to expel a Loogie.

[AntiGuv]

You left out a key part:

hock Slang
tr.v. hocked, hock·ing, hocks
To pawn: hock a diamond ring.

I'm well-aware that ignorant people think the word it "hock" rather than "hawk".. Reuters is not a market peddler..

[fortunecookie]

Too bad for Delta. Southwest? The cattle call of the sky? LOL, as anyone who has flown it knows, what a trip!

Delta Going Under within 48 hours

Odd title since the Mississippi delta is underwater...

[mtbopfuyn]

No worries. We taxpayers will bail them out, again.