"Don't you think it is outrageous that these people like pilots and FA's have to take a salary cut so Delta can make a bigger profit when the bankruptcy is over?"
The bondholders have rights here too, to put management in place that will let them recoup SOME of their lost capital they loaned to the company. Otherwise there is no reason for DAL to not simply stay bankrupt forever and not pay their bills forever, until suppliers quit selling to them.
HOpefully with all majors except AMR now bankrupted the industry can be remodelled in a fashion that avoids the unimpressive profit history of commercial aviation.
How interesting. Thank you.