LUVRSW From United States of America, joined Aug 2005, 498 posts, RR: 1 Reply 2, posted (7 years 8 months 1 week 5 days 15 hours ago) and read 757 times:
WGW2707 From United States of America, joined Aug 2003, 1197 posts, RR: 38 Reply 3, posted (7 years 8 months 1 week 5 days 15 hours ago) and read 754 times:
I'm guessing Delta will file and Northwest will hold off a bit. I don't see the involuntary pension payment tomorrow posing a serious threat to their liquidity, and I think they'll want to take more time to line up DIP financing. Northwest never was in half of the mess Delta currently is in. That said, an NWA financing pre-October 17th is decidedly within the realm of possibility.
Soylentgreen From United States of America, joined Jul 2005, 243 posts, RR: 2 Reply 4, posted (7 years 8 months 1 week 5 days 14 hours ago) and read 743 times:
AirRyan From United States of America, joined Mar 2005, 2529 posts, RR: 6 Reply 5, posted (7 years 8 months 1 week 5 days 14 hours ago) and read 711 times:
All logics seems to say NW will file but gut says no. If there were to file a judge may order the AMFA mechs on strike back to work when it appears that NW has otherwise already appeared to have won that battle.
Quote: Merrill said a Northwest Airlines (nasdaq: NWAC - news - people ) bankruptcy isn't as likely as the other two, but is nonetheless growing in probability and would support a call for the removal of 100 to 200 aircraft from the domestic market due to record high fuel prices.
"We now estimate 60% probability of [a] Northwest Chapter 11 filing prior to Oct. 17," Merrill said.
Quote: As for Northwest, the analysts continued, "a lot of elements for an out-of-court restructuring are in place: the pilots, the mechanics by default, and probably some key lessors, private debt holders, and vendors. What is missing are the flight attendants and pension reform."
JBLUA320 From United States of America, joined May 2002, 3160 posts, RR: 21 Reply 6, posted (7 years 8 months 1 week 5 days 14 hours ago) and read 640 times:
Interestingly enough, NWAC is being rated as a buy...
AirRyan From United States of America, joined Mar 2005, 2529 posts, RR: 6 Reply 7, posted (7 years 8 months 1 week 5 days 14 hours ago) and read 602 times:
Quote: Chapter 11 still avoidable
Susan Donofrio, analyst at Fulcrum Global Partners, backed her buy rating on Northwest and said bankruptcy can still be avoided, although time is running out.
"Events that need to move quickly for Northwest are more labor concessions, either stabilized or lower fuel prices, and confidence that pension reform will go through," she said.
"All three can still happen, although it may be management's level of confidence and very quick wage concessions that are really going to matter in the very near term," she added.
Morgan Stanley's Douglas Runte took a similar stance, maintaining his overweight rating on Northwest's stock.
"We do not believe that the company will file for bankruptcy on Wednesday and that it can and will restructure out of court," he said.
Northwest's stock, after a precipitous 53% plunge to record lows on Tuesday, rebounded, adding 30 cents, or 19%, to finish at $1.87 on heavy volume of nearly 68 million shares.
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