The next several weeks will be critical for the U.S. airline industry,

Our previous view ascribed a 50 percent to 60 percent probability to a Delta Chapter 11 filing. We now think it's 80 percent to 90 percent, primarily to the recent surge in oil prices north of $60 a barrel,

Given that the first half of December is a relatively quiet time for travel, Delta has been able to re-accommodate most of the passengers on other Delta flights.

This will be the policy of this state, and that makes it a very important legal development.

I will tell you this, there will be a craft this year so much better than anything ever seen in the history of the Cardboard Classic. The only tip is, apparently it's yellow.

Noncompliance will not be tolerated from whichever quarter it may come,