And so it begins... mergers.

[nonstop]

Just heard the "breaking news" on CNBC that Delta Airlines CEO is seeking board approval to approach UAL and NWA for a proposed merger that may be announced as soon as this weekend. I believe they said the source was the WSJ but I can't find an official article.

 

[FUZZO]

heard the same also right before the fed chairman came on....

 

[BILL LUMBERG]

Just heard the "breaking news" on CNBC that Delta Airlines CEO is seeking board approval to approach UAL and NWA for a proposed merger that may be announced as soon as this weekend. I believe they said the source was the WSJ but I can't find an official article.

"Folks, from the cockpit, we're going through an area of rough air, please check your seatbelts...."

Good luck to everybody, this is gonna suck!!!!

 

[RedDogC130]

deleted...found what I was looking for

 

[nonstop]

Here we go, the Reuters link referencing the WSJ article (WSJ is subscription only).

Delta aims to start UAL, Northwest merger talks - WSJ

 

[instructordude]

Here come the forloughs.

 

[FUZZO]

here is what i got.

NEW YORK, Jan 10 (Reuters) - Delta Air Lines Inc (DAL.N: Quote, Profile, Research) plans on Friday to ask its board permission to begin formal merger talks with both Northwest Airlines Corp (NWA.N: Quote, Profile, Research) and United Airlines parent UAL Corp (UAUA.O: Quote, Profile, Research), the Wall Street Journal reported on Thursday.
Citing unnamed people familiar with the matter, the Wall Street Journal said that Delta would aim to ultimately choose between the two carriers.
Delta was not immediately available for comment. (Reporting by Chris Reiter; Editing by Phil Berlowitz)

 

[ACL65PILOT]

Yeah, who else is going to apply to NJA?

 

[MINIME]

No furloughs if it's DAL/NWA. I suspect that CAL and LUV will be scrambling to find their nitch as well. If it's UAL, that could be the reason LUV is beefing up at DEN.

Anybody want to guess who CAL will go after? Anybody wanna guess who LUV might acquire or what parts?

 

[General Lee]

This was what came out yesterday...

No furloughs if it's DAL/NWA. I suspect that CAL and LUV will be scrambling to find their nitch as well. If it's UAL, that could be the reason LUV is beefing up at DEN.

Anybody want to guess who CAL will go after? Anybody wanna guess who LUV might acquire or what parts?

AIRLINE STOCKS
Airlines turn south amid broad sector sell-off

By Christopher Hinton, MarketWatch
Last update: 1:09 p.m. EST Jan. 9, 2008

NEW YORK (MarketWatch) -- Airline stocks took a sharp turn lower Wednesday afternoon, swooning following a strong open, as investors continued their flight

Major carriers' shares soared earlier on merger speculation, and investment research firm UBS raised its ratings for the legacy group in the belief a major tie-up is likely within the next six months. Such a deal would put pressure on other carriers to consolidate.
"We think a Delta/Northwest deal is most likely," UBS said in an investor note, adding that this "would likely put investor pressure on Continental to act, perhaps by merging with United."
UBS raised its rating on four stocks -- Delta Air Lines (DAL:

Bye Bye--General Lee

 

[AKMD80GUY]

CAL and Alaska or Delta/NWA/Alaska menaje a' trois. I have heard both around SEA.

 

[av8tor76]

ual stock up $4.51 on news....

 

[M-crit]

No furloughs if it's DAL/NWA. I suspect that CAL and LUV will be scrambling to find their nitch as well. If it's UAL, that could be the reason LUV is beefing up at DEN.

Anybody want to guess who CAL will go after? Anybody wanna guess who LUV might acquire or what parts?

Are you kidding, they have very incompatible fleets. Expect a lot of layoffs if this goes through.

 

[Bavarian Chef]

I am sorry, did someone say menaje a trois? I got sidetracked.

 

[MINIME]

Are you kidding, they have very incompatible fleets. Expect a lot of layoffs if this goes through.

That may be so, but do you really believe these airframes to go away from one day to the next, if ever? I personally don't think so. There will be fences for years to come. In the mean time, everyone should be safe at their spots. Plus, there will be retirements on the NWA side. Combining the retirements and medical outs that might occur, I'd be very surprised if they have to furlough. I could see an immediate stop to hiring however.

 

[nonstop]

Loosening of scope..................Check
Catastrophic terrorist attack.....Check
Recession..............................Check
Bankruptcies..........................Check
Record pay cuts.....................Check
Termination of pensions...........Check
Elimination of work rules...........Check
Record high fuel.....................Check
Age 65..................................Check
Mergers.................................Check
Second recession....................Check

Career destruction checklist complete to cabotage.
Standing by for the career change checklist.

 

[ATR-DRIVR]

Just called Bob's Big Rig School, got a hold on the next class....says the phones are ringing off the hook and they are not sure why.......

 

[Flying the Line]

Doug's gonna end up buying NWA for US, CAL will buy UAL and DAL will be holding an empty bag.

 

[PCL_128]

Ehhhh. This is going to get messy.

 

[Furloughed80]

Loosening of scope..................Check
Catastrophic terrorist attack.....Check
Recession..............................Check
Bankruptcies..........................Check
Record pay cuts.....................Check
Termination of pensions...........Check
Elimination of work rules...........Check
Record high fuel.....................Check
Age 65..................................Check
Mergers.................................Check
Second recession....................Check

Career destruction checklist complete to cabotage.
Standing by for the career change checklist.

This is hilarious, yet so true.