The Expert.iriver88
When was the last time Delta made a profit?
That $700 million loss was for Q1 not a full year
Just like GM and a number of othe American companies Delta lives behind Chapter !!.This just about guarantees longevity for any company no matter how badly run.Commerce has been around for few hundred years so that ridiculous Lehmann Brothers analogy with aviation and Qantas in particular is absurd.
If all the companies you mention were well run they would still be in business.Technically some of the financial companies have been insolvent for years.
Intersting to note that al the major economic drama in the last 100 years has emanated from the states.
Qantas will survive this because it essentialy a sound business.The Delta intrusion is simply an annoyance which will have greater ramifications for VAustralia.It will also serve to keep SingAir off the Pacific.Incidentally it has only been the last few years that QF has made a substantila profit on the route