Ouch! Delta Bankruptcy Filing 'Ninth Largest' In US History | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Sat, Sep 17, 2005

Ouch! Delta Bankruptcy Filing 'Ninth Largest' In US History

Largest in 2005

With total assets of $21,801,000,000 (as reported on its latest Annual Report on Form 10-K) Delta Air Lines, Inc. (DAL) became the largest corporation to file for bankruptcy in 2005 and the ninth largest public company bankruptcy in history, according to www.BankruptcyData.com. Delta's September 14th bankruptcy filing also represents the second largest airline filing of all time.

To date, the largest airline to file for Chapter 11 is UAL Corp who listed $25,197,000,000 in assets at the time of their December 9, 2002 filing.

Delta's filing, along with yesterday's Northwest Airlines Corporation Chapter 11 filing, means that four major airline carriers are now under bankruptcy protection. Those four airlines, US Airways Group, Inc. (UAIRQ), Delta (DAL), Northwest (NWAC), and UAL Corp. (UALAQ), listed a total of $63,696,000,000 in assets upon filing. To date, the total assets of the 61 publicly traded companies filing for bankruptcy in 2005, including Delta, now sits at $53,492,000,000.

Largest Airline Bankruptcies 1980 - 2005

Company           

Ch11 Date

Assets
UAL Corp. (UALAQ) 09-Dec-02 $25,197,000,000
Delta Air Lines, Inc. (DAL) 14-Sep-05 $21,801,000,000
Northwest Airlines Corporation (NWAC) 14-Sep-05 $14,042,000,000
US Airways Group, Inc. (UAIRQ) 12-Sep-04 $8,349,000,000
US Airways Group, Inc. (UAIRQ) 11-Aug-02 $7,941,000,000
Continental Airlines Holdings, Inc. (CAL) 03-Dec-90  $7,656,140,000
Eastern Air Lines, Inc. (Liquidated) 09-Mar-89 $4,037,000,000
Trans World Airlines, Inc. (TWAIQ) 31-Jan-92  $2,864,530,000


FMI: www.BankruptcyData.Com

Advertisement

More News

ANN's Daily Aero-Term (05.05.24): Omnidirectional Approach Lighting System

Omnidirectional Approach Lighting System ODALS consists of seven omnidirectional flashing lights located in the approach area of a nonprecision runway. Five lights are located on t>[...]

Aero-News: Quote of the Day (05.05.24)

"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

Also: 1800th E-Jet, Uncle Sam Sues For Landing Gear, Embraer Ag Plane, Textron Parts A friend of the family reported that Lt. Col. (Ret.) Richard Glenn Rutan flew west on Friday, M>[...]

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]

Aero-News: Quote of the Day (05.06xx.24)

“Our aircrews are trained and capable of rapidly shifting from operational missions to humanitarian roles. We planned to demonstrate how we, and our BORSTAR partners, respond>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC