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View Full Version : Delta going bankrupt?? What happens to tickets...


D,L and K's Mom
05-12-2005, 06:05 PM
Ok we are going to WDW in July...we have our tickets from Delta....What happens if they go bellyup?? YIKES!!! Do we have to re-book with another airline? Do we lose the $ we paid? If I have to buy new tickets on another carrier now...for a trip in July I am going to have to pay$$$$$$.If I buy trip insurance will it help cover this?? I am so scared. Even if another carrier takes the tickets I am sure the times and dates will change and we have rental car, hotel etc. Also DS is handicapped so we had special seat arrangements etc......anyone ever had this happen to them. I know I sound petty with all those people working for Delta possibley losing their jobs and Iam worried about 5 tickets but...............

safetymom
05-12-2005, 06:20 PM
I suggest visiting www.flyertalk.com for all the latest information about Delta. Go to miles and points and then the Delta forum.

D,L and K's Mom
05-12-2005, 07:34 PM
Thank you for the link. I looked but I could only find "info" pertaining " to the lose of Frequesnt flyer miles not tickets. Has this happened to anyone???? thanks

antkim
05-12-2005, 07:36 PM
OMG!!! I just booked with Song today...I had NO idea!!

bicker
05-12-2005, 07:42 PM
Delta will first file Chapter 11, protection from creditors. Outstanding airline tickets will almost surely be honored.

It's hard to know what would happen the next time an airline goes into liquidation, though. It is as likely as not that outstanding ticket holders will be in trouble. There are legislative protections in place, but they would still involve significant inconvenience and delay, as well as significant additional cost.

safetymom
05-12-2005, 07:51 PM
I would suggest placing a post on this topic on Flyer Talk. I am sure that you will get lots of great information.

http://www.flyertalk.com/forum/showthread.php?t=409376&highlight=bankruptcy

Horace Horsecollar
05-12-2005, 08:40 PM
Ok we are going to WDW in July...we have our tickets from Delta....What happens if they go bellyup?? YIKES!!!
Delta Air Lines is not going "bellyup." Delta has disclosed that a cash crunch later this year could force a Chapter 11 filing. Until then, Delta is just one on several large airlines struggling with the economic realities of high fuel prices and intense downward pressure on ticket prices.

Even if Delta files Chapter 11, it would not mean Delta going "bellyup." United Airlines filed for Chapter 11 in December 2002 and is still operating. US Airways, which is far weaker than Delta, is also operating under Chapter 11. American narrowly avoided Chapter 11, but losses are continuing at American.

Chapter 11 just means that a business is protected from creditors as it restructures under court supervision. The plan is to emerge as a viable company -- and that's really in the interest of the company and its creditors.

Your 5 tickets on Delta for this July are safe. The chance of Delta folding between now and the end of July is zero.

WDW LifeLong Fan
05-12-2005, 08:46 PM
Delta Air Lines is not going "bellyup." Delta has disclosed that a cash crunch later this year could force a Chapter 11 filing. Until then, Delta is just one on several large airlines struggling with the economic realities of high fuel prices and intense downward pressure on ticket prices.

Even if Delta files Chapter 11, it would not mean Delta going "bellyup." United Airlines filed for Chapter 11 in December 2002 and is still operating. US Airways, which is far weaker than Delta, is also operating under Chapter 11. American narrowly avoided Chapter 11, but losses are continuing at American.

Chapter 11 just means that a business is protected from creditors as it restructures under court supervision. The plan is to emerge as a viable company -- and that's really in the interest of the company and its creditors.

Your 5 tickets on Delta for this July are safe. The chance of Delta folding between now and the end of July is zero.

This is correct ::yes::

triplefigs
05-12-2005, 08:52 PM
My FIL is a 30 year employee of Delta. The above information is correct. They will honor all tickets even if Chapter 11 is filed. We have tickets booked for December and are not worried at all. Have a great trip!

sagwanamu
05-12-2005, 10:15 PM
Delta has been saying that there is great chance of filing bankrupt protection for many months now. It's nothing new. When (IF) they file chapter 11, like United and US Airways, they will emerge from bankruptcy protection not long after.

If you have ticket, I don't think there is anything to worry about unless Delta files chapter 13 (liquidation), which is highly unlikely (but what do I know). Then those who have tickets are out of luck.

So don't worry about the ticket, just worry about how much fun you will have at WDW.

CarolA
05-13-2005, 09:53 AM
Delta will join USAir and United in bankruptcy. Both of them are still flying and so will Delta.

bicker
05-13-2005, 02:45 PM
It is beginning to look more and more like America West will acquire US Airways (but retain the US Airways name), so that bodes well for folks holding US Airways tickets and bodes poorly for folks holding United and Delta tickets. It's a little like musical chairs: Eventually the music is going to stop and someone's going to be left without a chair.

D,L and K's Mom
05-13-2005, 04:35 PM
Thank you all for the info. I feel a little better....thanks again.

goin2disneyagain
05-13-2005, 06:36 PM
Just because an airline files for bankruptcy doesn't mean it is going out of business. Look at all the other companies, including some airlines, that are still in business after filing. Look at United and USAir. People tend to panic unneccessarily when they hear the word "bankruptcy."