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Thursday, January 10, 2008

Delta pilots brace for potential merger

Leaders of Delta Air Lines’ pilots union say the potential for a merger between Delta and another U.S. carrier is high. Lee Moak, Chairman of the Air Line Pilots Association, says soaring fuel prices, a weak Delta stock price and “rhetoric” by business groups over the past few months are undeniable indicators that a merger may be imminent. The union plans to prepare for a consolidation when it meets in Atlanta this week. Delta has declined to comment on the union’s speculation. Last fall, Delta executives formed a committee to consider strategic options, including a possible merger.

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