Delta Air Lines' management said yesterday that it is confident that its creditors will back its reorganization plan which will allow the carrier to emerge from Chapter 11 on April 30.

‘We're going to have the cost structure, we're going to have the balance sheet, we're going to have the revenue acceleration,’ CFO Ed Bastian said, adding that Delta's ‘untapped potential’ is both the carrier's biggest opportunity and biggest problem.
Speaking to analysts and journalists in a webcast Bastion said: ‘We realize we have to prove it to you. We're not out there saying buy the story. We're saying buy the potential.’
He added that Delta also expects a first-quarter loss of between $25m and $50m – down markedly from a $350m loss in the same period last year.
Creditors will vote on whether to accept Delta's Chapter 11 reorganization plan on April 9. Delta filed for Chapter 11 protection in 2005 and it must now gain the approval of two-thirds of the value of roughly $15bn in creditors' claims.