Delta Airlines Emerging From Bankruptcy
After 19 months of negotiating, it’s official.
A U.S. bankruptcy court on Wednesday gave Delta Air Lines Inc. the go-ahead to exit bankruptcy at the end of this month.
“We’re free at last,” said Delta Chief Executive Gerald Grinstein. “I feel elated.”
Delta, the third largest U.S. airline, emerges as a leaner carrier after cutting capacity and about $1 billion in labor costs.
While the U.S. airline industry turned a profit last year for the first time since before the September 11, 2001 attacks, Delta will emerge from reorganization amid signs of softening demand.
It’s amazing how well your company can perform when you elminate your debt through bankruptcy.
But Delta said earlier this week it believes its expansion into lucrative international markets and lower costs will help it weather a downturn. It has forecast a pretax profit, before special items, of $816 million this year, after a loss of $452 million in 2006.
But if you really hang in there, you can even grow during the process…
Delta expects to have a market value of about $10 billion, which would make it the second-largest U.S. airline by market value after Southwest.
Stuffr 0.83 Released
Stuffr 0.8.3 was released the other day. Additional features include pinging update services and posting to multiple categories.
Version 0.84 will allow you to ping multiple update services.
I Heard A Rumor
Did you know that Stuffr 0.7.6 will include support for multiple categories and trackbacks?
Stuffr Rocks!
Stuffr 0.7.5 has been released. I know it’s not a “suit” issue, but it could be.
Imagine the time your employees will save if they start blogging with Stuffr.
Sphere: Related ContentThis Is A Test Post
I am writing a new blogging client that works with multiple blogging platforms.
If you are reading this, it means everything is working, thus far.