Delta, Northwest mull bankruptcy
NEW YORK (Reuters) - The boards of Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) and Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) are slated to meet on Wednesday as the third- and fourth-largest U.S. air carriers teeter on the edge of bankruptcy.Bankruptcy filings by both would double the ranks of major U.S. airlines operating under court protection to four, dramatizing the industry's struggle with soaring fuel prices and competition from low-cost carriers.
Looks like the government (meaning us) will be bailing out two more airlines.
I say let 'em sell their airplanes to pay their bills, then fold.
No comments:
Post a Comment