They must have changed the headline, because "Ophelia Batters the North Carolina Coast" doesn't seem that funny.
If it helps, here's a quote about Delta bankruptcy:

"It's like a financial Hurricane Katrina," said one 15-year veteran Delta ramp worker from Burlington."

Get it? Comparing hurricane Katrina in the delta to bankruptcy in Delta

I also noticed that the story you linked to was dateline, Surf City (two girls for eeeev'ry boy! Yeah, we're goin' to Surf City 'cause it's two ta one, yeah, we're goin' to Surf City gunna have some fun, now.....)
I also wondered if the reporter was the John DeSantis from Occidental.