Northwest Airlines Approaches Settlement Deadline in Flight Attendants Standoff

| About: Delta Air (DAL)

Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):

Northwest Airlines, Attendants Talk As Deadline Nears

  • Summary: Northwest Airlines and its flight attendants union continued talks ahead of Monday's deadline, when the company will have the legal right to impose its terms on the union. The Association of Flight Attendants represents the workers, and has threatened a strike or sporadic work stoppages if its terms aren't met. A U.S. Bankruptcy Court judge may decide today to extend the deadline.
  • Comment on related stocks/ETFs: With its stock trading on the pink sheets at $0.56, is there much downside left in Northwest?