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-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

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

NTSB Prelim: Piper PA-23

Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Classic Aero-TV: One Man’s Vietnam

From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]

ANN's Daily Aero-Linx (07.03.25)

Aero Linx: Colorado Pilots Association (CPA) Colorado Pilots Association was incorporated as a Colorado Nonprofit Corporation in 1972. It is a statewide organization with over 700 >[...]

ANN's Daily Aero-Term (07.03.25): High Speed Taxiway

High Speed Taxiway A long radius taxiway designed and provided with lighting or marking to define the path of aircraft, traveling at high speed (up to 60 knots), from the runway ce>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne Affordable Flyers 07.03.25: Sonex HW, BlackShape Gabriel, PRA Fly-In 25

Airborne 07.02.25: TikToker Arrested, Vietnam A/L Ground Hit, ATC Modernization

Airborne-NextGen 07.01.25: Volocopter Returns, B23 Energic, Iran Tech In UAVs?

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC