Delta, Northwest File for Bankruptcy

0

Delta Air Lines Inc. and Northwest Airlines Corp., hobbled by high fuel costs and heavy debt and pension obligations, filed for bankruptcy protection from creditors Wednesday, becoming the third and fourth major carriers to enter Chapter 11 since the 2001 terrorist attacks.


Delta’s late afternoon filing included its low-fare carrier Song and was followed shortly after by Northwest’s. Delta and Northwest said passengers were not expected to see any immediate effects from the filing.


*

Read the full Associated Press story

.

No posts to display