Delta Air Lines senior management "will pull out all the stops" to prevent a Chapter 11 bankruptcy filing in the fourth quarter of 2005 or first quarter of 2006, JP Morgan analyst Jamie Baker asserted in a report released yesterday. "We mistakenly underestimated management's resolve in avoiding a filing last year," Baker stated as he predicted that "a bankruptcy filing may be in Delta's future, but not this year." The analyst believes that Delta will face a liquidity shortfall of $625 ...

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