The reason Delta is in Chapter 11 is clearly due to a failure of leadership. Dont believe the high fuel cost BS spin that the CEO is spewing even though that has contributed to the problem.
The problem is that Delta is an old beauracratic airline where the leaders failed to take the necessary steps to avoid bankruptcy.
To stay in business, revenues must exceed expenses. When they dont, you must start cutting heads which is the largest expense most companies have.
Instead look at Delta with their bloated HR departments, Marketing departments, Finance Dept, IT Department, and Diversity Programs, and all the other bullshit that doesn't translate to revenue.
Add to that multiple layers of overpaid beauracratic management that receives bonuses FOR NOT DOING THEIR JOBS
Add to that a work force comprised mainly of individuals without a college education making $50,000/year sweeping the floor or throwing baggage around.
Add to that their outdated hub and spoke operations strategy where it costs a business person $950 to fly from ATL to Charleston, WV (a 1 hr flight)
So what are you left with - 1) a workforce that has endured so many pay cuts and loss of benefits that their morale is shit; 2) A flying public (particularly business folks) that cant stand to pay overpriced fares, with late departures, and a bag of peanuts.
Now that is the recipe for bankruptcy.
Yes Delta is in Chapter 11, but it did not have to happen if Management had made the hard choices which is cutting headcount, reducing beauracracy, changing their operations strategy.