Delta's financial problems are severe, but by no means insurmountable.

Delta's financial problems are severe, but not insurmountable,

If it needed emphasis, underline and exclamation point, Katrina did that,

The action we have taken is a necessary and responsible step to preserve Delta's value.

The action we have taken is a necessary and responsible step to preserve Delta's value for our creditors, customers, employees, business partners and other stakeholders as we address our financial challenges and work to secure our future.

There is no painless way out of this,