April 12, 2008 |
Delta Air Lines Inc. and its pilots agreed in principle Friday on a contract that would clear the way for a merger with Northwest Airlines Corp. to create the world's largest carrier, people familiar with the talks said. An accord would raise pilots' pay and give them an equity stake in the combined airline, which would keep Delta's name and Atlanta headquarters, said the sources, who requested anonymity. Some terms are still being negotiated, two of the people said.
March 29, 2008 |
Delta Air Lines Inc. is considering a proposal from Northwest Airlines Corp. to push ahead on a merger even without a labor agreement between their pilot unions, people familiar with the matter said Friday. The new approach may include a smaller pay package for pilots, said the people, who declined to be identified because the talks were private. The carriers must reassess how their tie-up would work as soaring jet-fuel costs and lower demand have wiped out projected profits, the people said.
February 27, 2008 |
Delta Air Lines Inc., in talks to combine with Northwest Airlines Corp., said Tuesday that several conditions must be met before it agrees to a merger, and no potential transaction qualifies "to date." The Delta name and Atlanta headquarters must be preserved, and workers' seniority and pensions must be protected, Chief Executive Richard Anderson and Chief Financial Officer Ed Bastian told employees.
February 21, 2008 |
Pilots for Delta and Northwest were still negotiating the terms of a labor contract late Wednesday, delaying plans to sign a deal that would create the world's largest airline. Directors for Delta Air Lines Inc., the nation's third-largest carrier, and No. 5 Northwest Airlines Corp. had been expected to vote Wednesday on a combination if a pilot deal had been reached. But a spokesman for Northwest's chapter of the Air Line Pilots Assn.
November 23, 2007 |
UAL Corp., parent of No. 2 U.S. carrier United Airlines, is keen for a possible merger, according to an article in the Dec. 3 edition of BusinessWeek that cited industry experts. Pardus Capital Management, a New York-based hedge fund that owns a stake in UAL and Atlanta-based Delta Air Lines, is pushing for a merger of the second- and third-largest U.S. carriers, according to recent media reports.
November 15, 2007 |
Delta Air Lines Inc. is looking for a partner, but it isn't United Airlines. The U.S.' third-largest carrier said Wednesday that it had had no discussions with No. 2 United about a merger that would create the nation's largest airline, dismissing a report that talks had been going on for some time. But Atlanta-based Delta did not rule out a merger with another airline.
September 8, 2007 |
Delta Air Lines Inc., the No. 3 U.S. carrier, raised round-trip fares on domestic flights by $10 to offset rising costs, but it was unclear whether the increase would hold as demand softens. The test of pricing power comes at the start of the typically weak autumn travel period, when demand generally falls off. "It is unusual to see attempted increases in this traditionally slower travel period," said Rick Seaney, chief executive of FareCompare.com.
August 22, 2007 |
atlanta -- Delta Air Lines Inc. fought hard during bankruptcy to avoid being taken over by another carrier. Less than four months after exiting Chapter 11, it reignited speculation Tuesday about a future merger by naming former Northwest Airlines Corp. Chief Executive Richard Anderson as its next CEO. Anderson, currently a member of the board of Atlanta-based Delta and an executive at UnitedHealth Group Inc., will replace Gerald Grinstein on Sept. 1.
August 11, 2007 |
Delta Air Lines Inc. doubled the fee for people who buy tickets through its reservations agents to $20, and added as much as $25 to fees for other services. The charges, about $5 higher than industry averages, are part of an effort to steer customers to its website, a spokeswoman said.
July 19, 2007 |
Crowded planes helped three of the nation's major airlines post second-quarter profits Wednesday, but high fuel prices limited the gains as industry executives fret over what will happen if the prices remain high going into the fall. American Airlines, the nation's biggest carrier, saw its profit rise but still fell short of Wall Street's expectations. Parent company AMR Inc. blamed summer storms that caused flight cancellations and delays. Delta Air Lines Inc.