Recent media reports have fueled speculation on Delta’s position related to bankruptcy. Delta has a no comment policy regarding market rumors and speculation concerning possible major corporate developments, whether true or false. Consistent treatment of rumors and speculation insulates the company from a duty to update any statements made and helps to avoid inaccurate or conflicting statements.

"Our goal is for Delta to regain its competitive position in the industry in order to achieve long-term, sustained profitability," said Jerry Grinstein, chief executive officer. "Obviously, bankruptcy is to be avoided if at all possible; it is a difficult, painful process for everyone involved."

However, it's clear that the company's costs are too high to be competitive over the long-term. Grinstein is leading the company’s efforts in a full strategic reassessment. The purpose of this review is to study every aspect of Delta's operation, resources and strategy to make sure the company has accurately determined where the strengths lie and how to best build upon them.