YourPilotFriend
YourPilotFriend
- Joined
- Nov 14, 2005
- Posts
- 1,570
Of course he would say that, why would he give leverage if he wants a merger on delta's terms?? Look at the balance sheets to see the real story, NWA and Delta can't make it on the 15% increase in fuel we have already seen this year. With the Fed's loose inflationary policy, oil is predicted to go to an average of $112 bl for 2008. To top it off, they have an excessive CRJ fuel problem they could ease off of in a merger.Today Anderson stated we could go it alone and do just fine, and Steenland stated consolidation is "inevitable." Sounds like Steenland really wants a merger, and to retire. He may not get either, which could be bad for you, twice.
Bye Bye--General Lee