A Rundown of Airline Bankruptcy History and Performance:Northwest and Delta entered bankruptcy in September of 2005, and both emerged from bankruptcy in the Spring of 2007
- Delta emerged from bankruptcy on April 30, 2007 after 19 months, and is down over 60% since then
- Northwest emerged from bankruptcy on May 7, 2007 after 20 months, and is also down about 60% since then
Bankrupt US Airways Group merged with America West in late September 2005, and shares are down over 28% since the merger.
- US Airways filed for bankruptcy in September, 2004, for the second time.
- US Airways filed for bankruptcy for the first time in August, 2002 after a failed merger with UAL Corp. in 2000 - 2001, and 9/11 caused and extended closure of Washington-Reagan Airport
-The company emerged from bankruptcy in the Spring of 2003
UAL Corp. and Continental have also been mentioned as potential partners. It was also rumored that Continental and AMR , the parent of American Airlines had been in exploratory discussions earlier this year. UAL's United Airlines filed for Chapter 11 bankruptcy protection in December, 2002.
- UAL did not emerge from bankruptcy until February of 2006, after more than 3 years of restructuring, and is down over 10% since its emergence.
- Continental declared bankruptcy first in September, 1983, and again in 1990, emerging in 1993 after an investment by Air Canada along with Air Partners and Texas Pacific Group.
-Continental is up over 200% since it emerged from bankruptcy in 1993
- AMR avoided bankruptcy in 2003 when it reached agreement with three key unions allowing it to reduce labor costs.
Read more on the merger here
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