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Wednesday, January 16, 2008

DL, NW, UA in Merger Talks

Delta hopes to reach an agreement to merge with either Northwest or United within the next two weeks, according to The Wall Street Journal after Delta’s board gave CEO Richard Anderson the green light to pursue industry consolidation last Friday. A proposed merge will be presented to the board at its next meeting with an announcement coming shortly thereafter. Despite industry predictions that airline profits will continue, the newspaper suggested most airlines will post losses for the fourth quarter. Related Story
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