Is Delta heading for bankruptcy? Credit Suisse’s airline analyst released a report saying that, while it was only his opinion, he felt that if the carrier does not get control of pilot costs it could lead to a bankruptcy filing. The report adds that the airline is undergoing a “full strategic assessment” of its business plan and could be interpreted as “due diligence that will enable [Delta] to claim, justifiably, that they did everything possible to avoid Chapter 11, if it comes to that.”
That’s the first time I’ve seen Delta’s name mentioned as a possible bankruptcy victim. Or this is all a giant ploy to gain concessions from pilots. Or not.