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another airline back from Chapter 11 and looking healthy

As documented in this piece by Paul Beebe in The Salt Lake Tribune, Delta Airlines is the second major carrier dealt a near-lethal blow in 9/11 to emerge from Chapter 11 protection (see our piece about Northwest Airlines). In Delta’s case, its re-emergence came with an early Christmas gift for investors as well — a profit of $1.8 billion, profit or 70 cents per share. The higher-than expected post-bankruptcy earnings helped give flight to the airline’s stock price as well.

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