[quote=JiffyLube;426820]Chow... These are BK write-downs. When you come out of BK you basically guess at what your value is based on the market. Just as inflation and rising gas prices are eroding your paychecks value, so is the market hurt Delta's original estimates of valuation. These are goodwill write-downs per the bk process. Also there is a $100mil write down for their 4000 early retirements. I commend Delta for this program as opposed to furloughing. Look at what AMR did vs. Delta. AMR lost $284million vs. Delta's $137 million in profits.[/quote}




Thanks Jiffy...so basically, a lot of this is on paper and has more of a tax implication rather than spending $7 billion more than was earned.

I appreciate the insight.