WTF?: Delta Air Lines and Northwest filed for bankruptcy

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  • Machete_
    WINNING!
    • Oct 2002
    • 14579

    #1

    WTF?: Delta Air Lines and Northwest filed for bankruptcy

    ... looks like Lensman + the rest will stay in europe

    Delta Air Lines and Northwest filed for bankruptcy Wednesday, making them the third and fourth major U.S. carriers to be operating under bankruptcy protection. The two companies follow United Airlines and US Airways into bankruptcy. United, the No. 2 airline, has been in bankruptcy court for almost three years. US Airways has been in bankruptcy court twice since the September 11 terrorist attacks that shook the airline industry.

    http://money.cnn.com/2005/09/14/news...ex.htm?cnn=yes
  • KRL
    Entrepreneur
    • Oct 2002
    • 31429

    #2
    Bankruptcy is the only way these airlines can get their labor unions to agree to wage concessions.

    Airlines are a tough business.
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    • Juicy D. Links
      So Fucking Banned
      • Apr 2001
      • 122992

      #3
      yup crazy shit yo

      Comment

      • $$$
        Confirmed User
        • Jul 2005
        • 894

        #4
        Oh damn...
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        • Wiggles
          Too lazy to set a custom title
          • May 2004
          • 14423

          #5
          saw that coming, all air lines are doing so bad right now.
          no sig

          Comment

          • Barefootsies
            Choice is an Illusion
            • Feb 2005
            • 42635

            #6
            Originally posted by KRL
            Bankruptcy is the only way these airlines can get their labor unions to agree to wage concessions.

            Airlines are a tough business.
            Correctamundo.

            I can't recall the law, bill, regulation, off the top of my head, but by being in bankruptcy it gives them more leverage to make the union give them the concessions they have been asking for some time.

            Should You Email Your Members?

            Link1 | Link2 | Link3

            Enough Said.

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