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THE DAY THAT 4 AMERICAN LEGACY CARRIERS WENT BANKRUPT
September 14th, 2005 was truly a unique day for the United States’ aviation industry. That day Delta and moments later Northwest filed for bankruptcy in court. This put the air space above America in an exceptional position – 4 airlines were flying under Bankruptcy protections. Delta, Northwest, US Airways and United Airlines carried half of the passengers in the United States. All 4 of them were also operating under the protection of Chapter 11, just not to get dissolved by creditors. But how did it get to this point, that 4 of the biggest 6 American airlines were in such dire financial straits?
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