US carrier Delta Air Lines emerged from bankruptcy Monday after a major restructuring effort that included 6,000 job cuts and a renewed focus on overseas, DPA reported. Delta, the third largest US carrier, first filed for bankruptcy protection in September 2005 and earlier this year successfully rebuffed a major takeover offer from US Airways. Creditors have backed the airline's own reorganization plan to return it to profitability. Delta last week reported a net loss of 130 million dollars for the first quarter of 2007, down from a 2.1-billion-dollar loss in 2006. The company is staking its future on expanding internationally, with 60 new overseas routes, banking on a saturated US market. "Rather than simply cut costs, Delta used the Chapter 11 process to completely transform every aspect of our business and create a platform for long-term success that will enable us to weather future volatility in the airline industry," Chief Financial Officer Edward H Bastian said in a statement.
