bannkruptcy fears hammer Northwest Tue Sep 13, 5:28 PM ET
CHICAGO (Reuters) - Northwest Airlines stock sank more than 50 percent to an all-time low on bankruptcy fears on Tuesday, after the company missed a payment and after a newspaper report said Northwest and Delta Air Lines might file for Chapter 11 as early as Wednesday.
The New York Times, citing anonymous sources, said both Northwest, the No. 4 U.S. carrier, and No. 3 Delta were very close to filing for federal protection from creditors