UPDATE: Airline Bankruptcy Update

Unless you have been living under a rock you already know that we have three more airline bankruptcies to add to the mix: Northwest, Delta, and Independence Air. I'll have more on each in future posts but here's a quick primer. Two of these bankruptcies are what I would call "competitive bankruptcies" while one is a bankruptcy in the purest most desperate sense. I'll leave you to figure out which is which while I try to figure out how to post more than once every 6 months.