Delta Air Lines bankruptcy

Delta Air Lines (DAL): filed for bankruptcy 14 Sep 2005. Came back 3 May 2007: New Delta common stock was listed on the NYSE and began trading under DAL. Peak close $71.56 a share (1999). Final price $0.00 a share (30 Apr 2007). Delta Air Lines and the other defunct companies are on one page, each with its dates, prices and sources.

Key dates and prices

What happened

Delta filed for Chapter 11 on September 14, 2005, the same day as Northwest Airlines.

High fuel costs, heavy debt and pension obligations drove the filing.

Delta listed $21.6 billion in assets, which made it one of the ten largest US bankruptcies by assets at the time.

Delta had lost nearly $10 billion over the four years before the filing.

The NYSE suspended Delta stock on October 13, 2005, and it then traded on the Pink Sheets as DALRQ.

When Delta left bankruptcy on April 30, 2007, the old stock was cancelled and new shares went to creditors, including pilots, and to about 39,000 employees.

The new Delta stock began trading on the NYSE on May 3, 2007.

Cause: Chapter 11 on fuel costs, debt. Filed same day as Northwest, 2005. Back 2007.

What was the ticker symbol for Delta Air Lines stock?

Delta Air Lines traded under the ticker DAL. Delta Air Lines: filed for bankruptcy 14 Sep 2005.

What was the peak price of Delta Air Lines stock?

The peak close was $71.56 a share, in 1999. $1,000 at the peak (1999) was worth $0 by Apr 2007.

When did Delta Air Lines come back?

Delta Air Lines came back 3 May 2007. New Delta common stock was listed on the NYSE and began trading under DAL.

Checked 29 September 2026. History, not advice.

Sources: sec.gov, cbsnews.com, npr.org, sec.gov, sec.gov, sec.gov