Originally Posted by
Mesabah
I was NWA mgt at the time, and yes Delta was days away from shutting down. The concessions and future merger was the only reason Wall Street provided DIP to keep it going. The Delta name survived the merger because mgt wanted the non-union culture of the other employees. At the time, I thought it was a mistake because of the loss of branding in the Pacific. That proved true.
The EFA group did not have Delta days from shutting down however we were down to 60 to 90 days cash available. 2 1/2 years later when the merger was announced Delta was in solid financial shape.