Airlines in early merger talks
The two carriers were said to be continuing tentative merger talks that were instigated by Continental last summer. It was widely believed, however, that the contacts were still in the exploratory phase.
An eventual marriage of the companies would transform the aviation landscape in the US and send ripples through the industry world-wide. If combined, Delta, the third-largest US carrier, and Continental, number five, would emerge as the largest airline in the world.
There was no comment on the speculation from either carrier yesterday. However, Carla Villalon, spokeswoman for Continental, said the company would have no announcement concerning a possible merger until at least the "distant future".
There was a similar flurry of activity in the industry a year ago when it was revealed that USAir had effectively put itself up for sale and entered talks with United Airlines and American Airlines. Both sets of talks quickly fizzled, however.
There is some logic to a Delta-Continental tie-up. They have complimentary hub networks in the US and Continental would give Delta strength in the South, notably in Texas, and in New York.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 London council removes 'unacceptable' Stamford Hill posters telling women which side of the road to walk down
- 4 The response to my Pizza Express review has been overwhelming, and taught me a lot about journalism
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
London council removes 'unacceptable' Stamford Hill posters telling women which side of the road to walk down
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...