Airlines Recover, But Turbulence Persists

Law360, New York (March 28, 2007, 12:00 AM EDT) -- With Delta Airlines Inc. set to emerge from bankruptcy next month and Northwest Airlines Corp. winning approval for its Chapter 11 plan this week, the airline industry seems to have fought its way back to life. But experts warn that despite the restructurings, the industry may still face a bumpy ride ahead.

Hit by a triple threat of rising gas prices, a saturated market and the September 11 terrorist attacks, the major airlines in the United States experienced a huge shakeout that resulted in four carriers...
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