Delta and Northwest File for Bankruptcy

It finally happened. Delta and Northwest have filed for bankruptcy. Both companies said the timing was a coincidence. Now, four of the seven largest airlines are in bankruptcy protection. In the last four years, the big airlines have lost $30 billion.
What does this mean for ticket holders? Edward Hasbrouck’s Practical Nomad blog has advice for travelers, including an “FAQ about Airline Bankruptcies.”

Posted by on September 15th, 2005 at 9:20 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.