September 21, 2005

Both Delta Air Lines and Northwest Airlines pledged to maintain their full flight schedules during their Chapter 11 reorganizations. "Northwest must significantly lower its costs to compete with other carriers," said Doug Steenland, NWA president/CEO. "Many of these are legacy carriers that have already used the bankruptcy process to achieve changes in their cost structures or newer, low-cost carriers which have much lower labor and operating costs than other legacy carriers." For his part, Delta CEO Gerald Grinstein said: "Delta can return to profitability once the company is able to restructure appropriately."