Originally Posted by HeathrowGuy
More like to show up at Indy Air's doorstep is the repo man:
"Merrill Lynch estimates that there is a more than 90% chance that Delta Air Lines (nyse: DAL - news - people ) and FLYi (nasdaq: FLYI - news - people ) unit Independence Air will file for bankruptcy within the next few days."
http://www.forbes.com/markets/2005/0...markets15.html
With any luck, the madness that is Indy Air will soon come to a long-overdue end...
The fact of the matter is that these analysts are still engaging in much guess work. The statements from Merrill are case in point. They put NWA's bankruptcy probability at 30% less than DL's, yet the filings were a mere hour apart.
Cheers.