Delta, NorthWest Want To Exit Bankruptcy
One year after they put themselves under Chapter 11 protection, Delta Air Lines and Northwest Airlines are still searching for the means to exit bankruptcy. These airlines have been cutting all kinds of costs including labor costs and other expenses and are even trying to cut capacity to get out of bankruptcy. Reuters.com reports:
Now, with the industry enjoying early signs of a turnaround — as rising ticket prices start to offset higher fuel costs — the airlines are eager to resume normal operations. Delta plans to file its reorganization plan later this year and emerge from bankruptcy in the first half of 2007.
Read more:Delta, Northwest eye exit on bankruptcy anniversary
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