Delta's only threat to anyone is to itself.$794 million loss indicates that perhaps there is something wrong with their business model.
self serving statements like that makes no sense
that's tantamount to saying Qantas's loss of 500 million (or maybe even more as it is only a conservative estimate) this financial year indicates that surely something is wrong with the Qantas business model. Delta service a much bigger country domestically with three times more competition than just one virgin blue, so the loss I'd say is far less alarming than what precious Qantas with little to nil competition is losing at the moment and on a daily basis.
Just because Qantas had gone thru a couple of world events that affact aviation does not mean it will go through this one unharmed.
As did Lehman Brothers had gone thru so many world events, it has been doing business far longer than Qantas had been flying: over 100 years. it has gone thru the worse of times and yet, it collapse this time. So did AIG, the biggest insurer in the world, now nationalised. These are very profitable business that are far less sensitive than aviation and much less labor intensive than Qantas. Still they have to succumb to this WFC.
To think that a small player like Qantas would come out with more profit and nil cuts to labor cost is really dreaming, just that.