Summary
ATLANTA -- Shares of Delta Air Lines Inc. fell further below $1 a share Tuesday after several ratings downgrades and an analyst's assertion that the nation's third-largest carrier will shrink if it files for bankruptcy, as expected.
JP Morgan airline analyst Jamie Baker estimated in a research note that Atlanta-based Delta, which has a hub in Salt Lake City, will reduce capacity by 15 percent from current levels, similar to the shrinkage of the two other major airlines in bankruptcy, United and US Airways.See the full content of this document
Extract
Delta Shares Slip Further
The comments came as Delta prepares to file for bankruptcy. An industry consultant who has been informed of the company's plans told The Associated Press on Monday that ...
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