Delta Air Lines, which posted an industry-high $5.2 billion loss in 2004, said it expects to report a "substantial" loss in 2005 as well and warned in a filing to the Securities and Exchange Commission that if it is unable to reduce its operating expenses further and continues to experience significant losses, it will be forced to seek Chapter 11 bankruptcy protection. However, Delta also cautioned that a restructuring could be "particularly difficult" because it has pledged substantially ...
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.