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#11
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Keyser Soze wrote: 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. The have cash arranged to last several more months. Even if they hit bankruptcy, they'll continue to fly. Please note that Delta stock is not being "delisted". They simply won't be included in the 500 stocks in that index. No change in listing at all. We have tickets for Nassau/Bahamas Sept 22nd. Should we be worried? No. |
#12
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"mrtravel" wrote in message ... Garner Miller wrote: In article , Captain Dondo wrote: wrote: Sound Advice use the Delta FF tickets ASAP. Well, I have reservations for X-mas on NW.... I hope NW will honor those tickets if DL goes belly up.... Even if they declare bankruptcy (normally Chapter 11 to start), that's *far* from going "belly-up." As the others have shown, it can take YEARS for the process to drag out, and either come out successful, or liquidate completely. But I'm sure you'll be fine for travel this coming Christmas. That said.... As for other airlines honoring tickets from an airline that's ceased operating, there are some limits. Isn't this a bit different. They actually booked NW flights, but got the tickets from DL. Doesn't NW have to honor the tickets? Actually, no they don't. The reason is that a ticket is kind of like a check - it has to be "collected" from the issuing area. The ticket is an "executory contract" which is a contract performable over time (i.e, you buy the ticket in August, but don't fly until September). If Delta goes into bankruptcy, their "checking account" is frozen and the ticket won't be paid. Frankly, I'd be just as worried that Northwest ends up in Chapter 11; they are facing a major strike this weekend and if it happens it could easily throw them in. Jeff |
#13
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Dear All:
Check out www.SnapTheRoom.com for photos of some hotels. Mr. Free Notes "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 |
#14
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"Mr. Free Notes" wrote in message ... Dear All: Check out www.SnapTheRoom.com for photos of some hotels. Mr. Free Notes "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 They're likely to file for bankruptcy Chapter 11 before the law changes October 17th, but it will not affect they're flying. I think you're quite safe. |
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