Thursday, April 26, 2007

EXPENDITURE STRATEGY - DELTA AIR LINES

Delta Air Lines will emerge from bankruptcy protection (from their creditors) on Monday after a US judge approved its recovery plans:
1. It has cut almost 6,000 jobs
2. It has reduced its number of planes in the domestic market and launched new international routes.
3. It plans to issue new shares to its creditors.

When the going gets tough.....cut jobs, cut planes and pay off your creditors with shares!

[Click here for full story at: BBCNEWS.COM]

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