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April 30, 2005
Delta bound for Chapter 11 trouble
You don't need to read far about the pathetic state of the U.S. airline industry, but I forgot how far we've really fallen.
Delta shares have lost more than 90 percent of their value in the last four years, reducing the market value of the company’s stock to only about $500 million. By comparison, discount carrier Southwest Airlines Inc.’s market capitalization of $11.5 billion is 23 times larger.
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Posted on April 30, 2005 03:27 PM by southw138.
Filed in Travel Blog under southwest airlines.
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