Delta Airlines Considering a bid for American Airlines
The talk on the street today is about the possibility of Delta assessing a bid for American Airlines. There has been speculation that American Airlines could be headed for a merger with US Airways ever since American's parent company filed for bankruptcy protection. But could it be that Delta Air Lines is considering a bid for American? According to The Wall Street Journal, the answer is "yes."
As for antitrust concerns, the Journal's sources tell it that Delta has run its own analysis on whether regulators would ever sign off on such a deal. The airline has concluded that it could probably win regulatory approval if it made concessions, the Journal reports.
In a letter to employees in December, AMR's new chief executive, Tom Horton, hinted at speculation AMR might be the target of a takeover while in court protection: "And as we've seen before in this industry, there may be opportunists who wish to acquire our company," he said.
Report: Delta assessing bid for American Airlines - USATODAY.com
Delta, TPG Assessing Bids for American Airlines Parent, AMR - WSJ.com
On a separate but similar note, there have also been rumors that Delta may acquire Alaska Airlines.
It should be an interesting year!