英语新闻报导原文Words in the News一般是星期五在网上发表。
16 September, 2005 - Published 10:52 GMT
Two major American airlines face bankruptcy
Two of America's largest airlines have filed for bankruptcy. Delta and North-West have been experiencing financial problems for a while and have been hit very hard by recent rises in the price of fuel. This report from Guto Harri:
Just about every airline in America has been struggling since that fateful day when two planes crashed into the Twin Towers of the World Trade Centre four years ago. Overall, the industry has lost forty billion dollars.
Delta has been trying to live with large debts in a tough environment where cheaper airlines have been competing for its customers. North-West has found it particularly hard to meet its benefits and pensions obligations and has been wrestling with a bitter strike over the summer. But what's undoubtedly tipped these two major players over the edge is the recent hike in the price of oil, passed onto them as cripplingly expensive jet fuel.
Delta says that applying for what is known as Chapter Eleven protection will help it to address financial challenges and support ongoing efforts to become a simpler, more efficient and cost-effective airline. Both will be hoping to emerge from this with fewer financial commitments and a clearer strategy for surviving in a tough and difficult market.
Guto Harri, BBC News, New York
meet its benefits and pensions obligations
wrestling with a bitter strike
tipped these two major players over the edge
cripplingly expensive jet fuel
Chapter Eleven protection
address financial challenges
a simpler, more efficient and cost-effective airline