In Delta's quarterly filing with the SEC, the struggling airline used its "most aggressive language" to date, according to Helane Becker, an analyst with the Benchmark Company. See the MSNBC.com article here. With forecasters predicting a third-quarter bankruptcy filing, Delta can't be having too good a day.
Meanwhile, United is in the unenviable position of arguing in favor of an abandonment of its employee pensions. More here. According to the article, the Chicago federal bankruptcy court had a capacity crowd. United is looking for permission to have the Pension Benefit Guaranty Corp., the government's pension insurer, take control of the defined-benefit plans. This would, according to the article, result in the "largest-ever U.S. pension default" and could trigger a threatened strike by its work force.