[NYorkerInHouston]

And so it begins...

Between pension funds, unions, higher fuel prices capped off by Katrina. Delta and Northwest may be the first post-Katrina casualties but they will likely not be the last.

[newzjunkey]

They were in trouble before Katrina. If they go down, the marketplace will take up the slack. Compete or go out of business. Just don't come begging for tax dollars in a bailout scheme.