US Airways throws in the towel on Delta merger
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It’s o-vah.
US Airways is giving up in its efforts to merge with Delta. Delta’s creditors are backing management’s efforts to emerge as a standalone company, and the airline has lined up exit financing.
Will US Airways go after someone else? Maybe. Northwest, the obvious next choice, says it doesn’t want a merger partner. There are other combinations to watch, too. Midwest rejected AirTran’s bid. United and Continental keep coming up as possible suitors, and United’s CEO mentions his desire for consolidation anytime he sees an open mike.
The failure of US-DL may mean that the immediate rush to mergers is over, but I’m sure we’ll see a merger of some kind announced before the year is out.
For now, though, nothing has changed.
Related:
- Reader mail: What will airline mergers mean to consumers?
- Here we go again: Airline merger madness, back in the news
- US Airways bids for Delta
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November 19th, 2007 at 10:28 pm |
[…] heck knows if this will actually happen. We’ve seen this thing before (United-Continental? US Airways-Delta?) and it hasn’t happened. Bottom line: airlines are making record profits, despite record […]