The top official of Delta Airlines says despite the ever-changing climate in the airline industry, it’s still full steam ahead for the carrier’s proposed merger with NorthWest.
Delta president and chief financial officer Ed Bastian says he understands why other airlines have hesitation for jumping into merger deals given the economics of the industry today. However, nothing is changing with the Atlanta-based carrier’s plans to combine with Minneapolis-based Northwest.
Bastian made the comments Tuesday at the company’s annual shareholders meeting in New York. He did say that further domestic capacity cuts will be needed for Delta in the future to help deal with spiraling fuel costs. Additional job cuts however, are not planned.
Delta announced in April it would combine with Northwest, and base its headquarters in Atlanta--Delta’ current home. Just last week, United and US Airways broke-off discussions on a possible merger between those two carriers.
Delta president and chief financial officer Ed Bastian says he understands why other airlines have hesitation for jumping into merger deals given the economics of the industry today. However, nothing is changing with the Atlanta-based carrier’s plans to combine with Minneapolis-based Northwest.
Bastian made the comments Tuesday at the company’s annual shareholders meeting in New York. He did say that further domestic capacity cuts will be needed for Delta in the future to help deal with spiraling fuel costs. Additional job cuts however, are not planned.
Delta announced in April it would combine with Northwest, and base its headquarters in Atlanta--Delta’ current home. Just last week, United and US Airways broke-off discussions on a possible merger between those two carriers.
