How Delta Came Back From Bankruptcy and Repaid Its Employees

The video discusses Delta's bankruptcy due to post-9/11 events and intense market competition. It covers a hostile takeover attempt by US Air, which Delta resisted by presenting a better business plan. Delta's restructuring included a profit-sharing plan with employees, which continues to this day. The Velvet Program was introduced to reconnect with employees, fostering engagement and focusing on the company's future.

What major event significantly impacted Delta Airlines' international business, leading to its bankruptcy?

• The 9/11 attacks

• The Gulf War

• The COVID-19 pandemic

• The 2008 financial crisis

How did Delta Airlines respond to the $10 billion takeover offer from US Airways?

• They accepted the offer immediately

• They countered with a higher offer

• They ignored the offer

• They resisted with a better business plan

What percentage of profits did Delta Airlines commit to sharing with its employees after becoming profitable?

• 10%

• 15%

• 20%

• 25%

How much did Delta Airlines pay to its employees as part of the profit-sharing plan last year?

• $1.3 billion

• $1.3 million

• $1.3 trillion

• $1.3 thousand

What was the primary goal of the Velvet Program initiated by Delta Airlines?

• To expand international routes

• To increase ticket prices

• To reconnect with employees and boost morale

• To cut costs by reducing employee benefits