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Delta Air Lines Boeing 777-200ER in its current livery. On 25 April 2007, the airline's bankruptcy plan was approved by the bankruptcy court. On 30 April 2007, Delta Air Lines emerged from bankruptcy protection as an independent carrier. Delta also unveiled a new logo, reminiscent of its logo from the 1970s and 1980s, and a new paint scheme.
Delta Air Lines is a major airline in the United States headquartered in Atlanta, Georgia. [1] ... 2005, the company filed for bankruptcy, citing rising fuel costs.
This is a list of airlines that have filed for bankruptcy protection via Chapter 7 in the United States. [1][2] Airline. Date Bankruptcy filed. National Florida Airlines [3] December 1, 1983. Excellair. July 7, 1984. Oceanaire Lines. February 10, 1984.
Data source: Delta Air Lines presentations. YoY is year over year. Bp is basis points where 100bp=1%. Why investors should warm to the update. As alluded to earlier, the trading update was very ...
During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001.
Delta Air Lines–Northwest Airlines merger. On April 15, 2008, Delta Air Lines and Northwest Airlines announced a merger agreement. [1] The merger of the two carriers formed what was then the largest commercial airline in the world, with 786 aircraft. The Delta Air Lines brand was retained, while Northwest's brand officially ended in 2010.
Delta's lease originally was scheduled to expire in 2010, but the airline returned the lease to the City of Atlanta in 2005 as part of its bankruptcy settlement. The city collected an insurance settlement of almost $900,000 due to the cancellation. [63]
On September 14, 2005, Delta filed for bankruptcy and consequently had to reduce the number of gates it leased. [50] In December 2018, Delta announced an expansion of routes to take effect in 2019, which resulted in the airline regaining all of Terminal A (other than one gate subleased to WestJet, itself a codeshare airline with Delta). [51]