"Keyser Soze" wrote in message
...
Looking for some advice. We just heard on CNBC that Delta may be out of
cash by next month. Their stock is below 2 bucks today, facing bankruptcy,
and will be delisted from the S&P 500.

We have tickets for Nassau/Bahamas Sept 22nd. Should we be worried?
TIA
No, those flights will be operating, however, many seats will be filled by
Delta's CFO, Comptroller and other key financial staff on their way to the
casinos with the funds remaining in the company cash box, hoping it stretch
it with some good runs at the crap tables. You'll be able to recognize
them....pale faces from all the night work in the last few weeks before the
collapse, suitcoats still on, the breast pockets bulging with currency, anda
desperate, hasunted look in their eyes (except for the two guys who have
secretly bought one ways on to Brazil and aren't planning to go the casino
at all....).

No, dear, bankruptcy is a great thing for an airline. All of a sudden, it
simply stops paying on its old debts and has plenty of cash to operate, not
having all those big payments to make every month. UA's been using it for
two years or so, and may at some point emerge (likely to be owing even more
folks and still an unlikely candidate for long term success without peddling
some of its patrimony in international flea markets.

Of course, if Delta owes you money, especially on an unsecured basis, you
might as well stop by Walgreen's and buy a big tube of that new "warming"
KY. You'll need it. The moment to really get worried is the day when one
or more of DL's "partners" quits accepting "Skymiles" travel, not confident
of DL's ability to reimburse for the tickets (even at the reduced FF comp
rate). That day's a long way off (and may be avoidable).

TMO