6 result(s) displayed (1 - 6 of 6):

Delta, Northwest begin brand integration (from Corporate Dealmaker)

Atlanta-based Delta Air Lines Inc. (NYSE:DAL) is starting to make October's $2.6 billion purchase of Northwest Airlines Corp. visibly integrated. In a press release announcing a new look and other integration efforts, Delta said Northwest planes will be donning the Delta logo, as will nearly 40,000 flight attendants, pilots,...

Posted on March 30, 2009 4:26 PM

Delta expects loss, but also Northwest synergy savings (from Corporate Dealmaker)

In a 10-K filing, Delta Airlines Inc. (NYSE:DAL) said it "expects to report a significant loss in the March 2009 quarter." Delta blamed fuel-hedging losses coupled with the impact of the global recession, which has weakened demand for air travel. It doesn't help that the first quarter is  traditionally its...

Posted on March 3, 2009 3:04 PM

Delta trims domestic airport rent post-merger (from Corporate Dealmaker)

Delta Air Lines Inc. over the weekend outlined one of the benefits of its $2.6 billion acquisition of Northwest Airlines Corp., saying it would trim millions in costs by 2010 by surrendering excess gates at airports around the country.As competitors Delta and Northwest each maintained separate gate operations at out-of-the-way...

Posted on February 9, 2009 1:51 PM

US Airways' Doug Parker on industry change and consolidation (from Corporate Dealmaker)

In a letter to employees, US Airways Group Inc. CEO Doug Parker said, "We can't ignore what's happening in the world around us," referring to record high oil prices and a possible recession. He also said that if Delta Air Lines Inc. and Northwest Airlines Corp. combine as planned,...

Posted on April 18, 2008 8:31 AM

From Italy, further proof that airline mergers are tough (from Corporate Dealmaker)

Being an airline passenger is no fun anymore. But at least it's easier than doing the deals that strategists think are needed to put the industry on a sounder financial footing. Our latest case in point comes from Europe where, as this article in The Deal explains, Air France-KLM has...

Posted on January 14, 2008 3:56 PM

Mile-high maneuvers (from Corporate Dealmaker)

Midwest Air Group CEO Timothy E. Hoeksema deflected aggressor AirTran at every turn, instead accepting a bid from buyout firm TPG and Northwest Airlines. In the end, though, his company may still find itself owned by another airline.

Posted on December 15, 2007 12:22 PM