The contrails of air carriers that have flown into bankruptcy reorganization crisscross the industry’s skies. As Delta Air Lines Inc. this week joined United Airlines, US Airways and Northwest Airlines as major U.S. carriers operating under Chapter 11 protection, the experiences of Continental Airlines and now-defunct Eastern Air Lines provide case studies of the best and worst scenarios for Atlanta-based Delta.

Continental Airlines took two years to emerge from its 1991 bankruptcy as a much more efficient, stronger company. Eastern, another Atlanta icon, was liquidated in 1991 after employees clashed with Eastern’s management during bankruptcy talks.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]