Delta, Northwest file for Chapter 11

NEW YORK (Reuters) - Delta Air Lines Inc. and Northwest Airlines, the third- and fourth-largest U.S. air carriers, both declared bankruptcy on Wednesday as the industry's struggle with soaring oil prices and low-cost competition led to one of its darkest days.
http://today.reuters.com/news/newsarticle.aspx?type=topNews&summit=TokyoTechSummit05&storyid=2005-09-15T001501Z_01_MOR452096_RTRIDST_0_NEWS-AIRLINES-BANKRUPTCIES-DC.XML