Delta celebrates end to Chapter 11

The celebration at Delta Airlines in Atlanta was part Hollywood premier and part pep rally, as hundreds of Delta employees celebrated the carrier's emergence from nearly two years of Chapter 11 bankruptcy.

Looking more like a movie star that the head of the nation's third largest airline, Delta CEO Jerry Grinstein was more than happy to share the spotlight with the crowd.

"You did it, this is your triumph!"

Grinstein told his employees that Delta emerges as a more formidable airline than before, ready to compete with low fair airlines, like Jet Blue and Air Trans.

"You've got a completely transformed company and you have ve four quarters of operating profit which hasn't happened since 2000, so this company is altogether different."

Later this week, 4-hundred million newly issued Delta shares begin trading on Wall Street.

At least 14-million of those shares will go to employees.

Analysts expect opening day prices to come in at around $20 a share.