Monday, August 22, 2005
Delta battling Bre-X for useless stock
Shares of Delta Air Lines Inc. continued to slide Monday, after a memo from the company to pilots warned cash reserves have fallen and last year's agreement seeking to avoid bankruptcy may have to be revisited.Delta's stock fell 9 cents, or 6 percent, to close at $1.41 Monday on the New York Stock Exchange. The stock's price sits at its lowest level since analysts began tracking such data in 1962.
In other news, Northwest Airlines is still flying - for how long, who knows. A strike is threatening that airline at a time when labour costs, demand and fuel costs are crippling the industry.
Air Canada has never looked so good.
# posted by Shaky @ 10:58 p.m. 
