JP Morgan analyst Jamie Baker does not believe Delta Air Lines will file for Chapter 11 this year despite CEO Gerald Grinstein's Tuesday letter to employees warning them that the level of savings being achieved "is not enough" (ATWOnline, July 28). In a report released after Grinstein's memo was made public Wednesday, Baker noted that, "market speculation appears largely focused on a bankruptcy as early as. . .August 1." But his view is that "Delta will manage to pull some liquidity ...

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