Is Delta Going Under?

The TV is reporting that Delta will appear in court today to begin bankruptcy preceedings. Northwest, in the midst of a mechanics strike, is in trouble too.

I'm not a class warfare kind of guy and I know it's a drop in the bucket, but a symbolic move by the top brass at both airlines to reduce/refuse *their* salaries would be nice.

I mean, even I could make an airline go bankrupt.

*** update ***

TV news in Atlanta recently reported that Delta's CEO would give up 25% of his salary while the rest of upper management will forfeit 15%.