We think the probability of a Delta bankruptcy filing has grown, and we think investors should be mindful of Oct. 17, when more restrictive bankruptcy legislation becomes effective. That could be a key factor in a Delta deciding whether to file for Chapter 11 bankruptcy.
The upside potential of the shares could be significant. However, one can't lose sight of the fact that US Airways is still in the process of merging two airlines.
We are pleased with the results as we think a (more than) 90 percent completion factor during a strike is very impressive.