Analysis on the Reasons of Delta Bankruptcy

Abstract

Any field could be severely impacted by occasional stern crises. Therefore, having appropriate strategies to not only survive from the predicaments but also achieve subsequent long-term prosperity will be crucial. In this paper, Delta will be exemplified to show its successful tactics for disentangling its bankruptcy crisis that happened in 2005. The author will primarily illustrate and evaluate in two parts-the reasons that triggered its bankruptcy and the stratagems they used to exit-basically from the start of it filed bankruptcy in 2005 to the exit in 2007. In addition , through data analysis to show the importance of cost structure for a company, this paper is also meant to provide references for those companies which are on the edge of bankrupt after the coronavirus period.