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Delta Airlines Stock Crashes Near Erlanger
By David Akadjian | Dealer staff writer    Wed, Sep 21, 2005
 

CINCINNATI - 12,000 people were injured
Wednesday when Delta Airlines corporate stock crashed near Erlanger.

Officials discovered the stock in a field near Dixie highway just after 8:00 Wednesday morning. The stock had been trying to land on a Comair runway at the Cincinnati/Northern Kentucky airport.

Delta's stock took off from Atlanta in the 1980s and flew above $80 a share in the late 90s. Thousands who believed in the stock watched it plummet to 71 cents a share wiping out approximately $112 million in equity.

The victims were identified as employees of the company, the pension plan, the pilot's union, and individual stockholders. Also injured in the crash was the local economy.

The stock was burnt so badly officials could not immediately determine its symbol or its price to earnings ratio.

An investigation is ongoing though preliminary evidence suggests that a debt of $28 billion was too heavy a load.

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