Thursday, September 15, 2005

Delta Now Officially Bankrupt

They, and Northwest made it official today.

Having been in this industry for all of my life, I can say, in Delta's case, there are few companies as deserving of bankruptcy as they are.

The fact that 4 of the 7 largest carriers are now in bankruptcy, and that at least 4 of the one time major trunk lines have left the list of living companies, is also a solid indication that the grand experiment of de-regulation may still need to be reconsidered.

1 comment:

Lynne said...

I haven't been impressed with anything that has been deregulated.