FlyerTalk Forums - View Single Post - Delta Q&A Meeting with Execs

Jun 30, 2009 | 6:37 am

#135

tonypct

Join Date: Apr 2003

Location: Southwest CT

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Posts: 7,618

Quote:

Originally Posted by MikeMpls

And you're simply mistaken. The NW bankruptcy was all about breaking the union contracts, and it succeeded 100%.

NW entered the bankruptcy with several $B in the bank, and its exit from bankruptcy was self-financed.

To make a statement like that, that NW's bankruptcy was all about breaking the union contracts, is way too simplistic. Renegotiating contracts is a key part of any company trying to avoid bankruptcy, just look at what's going on now, but to say that for NW it was ALL about breaking the contracts is false.