NWA merge with Delta

[Ivan Taclue]

Reported this morning in Europe: Northwest have agreed to a merger with Delta.

[Jofm5]

A couple of news links reporting that shareholders have approved the merger:-

Delta shareholders approve Northwest merger | ajc.com (http://www.ajc.com/money/content/business/delta/stories/2008/09/25/delta_shareholder_vote.html)

Delta buys Northwest to create world's biggest airline - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/transport/2788145/Delta-buys-Northwest-to-create-world%27s-biggest-airline.html)

Regards,

[Pizza Cutter]

Oh dear,

I'm sure that "Beardy" will have to get the paint pots out again... . . I hope he has enough room on the side of his a/c ! :rolleyes:

[lexxity]

It'd be easier for him to write

Wanted:Partner.

[Two's in]

ATLANTA, Oct 29, 2008 (GlobeNewswire via COMTEX) -- Delta Air Lines, Inc.
and Northwest Airlines, Inc. today merged, creating a premier global airline with service to nearly all of the world's major travel markets.
The new airline, called Delta and headquartered in Atlanta, will begin its first day as a combined company with a commitment to delivering excellent service to customers in 66 countries and more than 375 worldwide cities -- more than any other airline; with a dedicated base of approximately 75,000 worldwide employees; and with a best-in-class cost structure and strong liquidity balance that better positions the company to adapt to the weakening global economy.

Delta and Northwest Merge, Creating Premier Global Airline - MarketWatch (http://www.marketwatch.com/news/story/Delta-Northwest-Merge-Creating-Premier/story.aspx?guid=%7BDED4CE91-3FC0-4BDF-B6FB-160B2E67D3D7%7D)

[weasil]

Full Article Link (http://news.delta.com/article_display.cfm?article_id=11176)

[acebaxter]

I didn't think Steenland and Anderson would be able to sleep apart for very long.

Best of luck to all of you. I miss some people in that family but not the management style.

[RoyHudd]

Wise move.

For 75000 employees, read 55000, and a trimming of fleets and routes. All within 9 months.

[PosClimb]

How many pilots will be on the street as a result of this?

[bob.sakamano]

My guess is 2,000. As soon as the ink dries, the lies will begin to unfold.

"Committed that no frontline employees will be involuntarily furloughed as a result of the merger and that no hubs will be closed"

Yeah, but I bet they can find a ton of other reasons...what a crock.

[weasil]

Here's some figures from another article...

Justice Department approves Delta-Northwest Airlines merger - USATODAY.com (http://www.usatoday.com/travel/flights/2008-10-29-delta-nwa-merger_N.htm?loc=interstitialskip)

The deal makes Delta the world's largest airline, operating more than 800 large jets, employing about 75,000 people and producing about $35 billion in annual revenue. American Airlines, formerly the world's largest by revenue, operates 635 large jets, has about 80,000 workers and about $23 billion in annual revenue.

[Two_Kids]

The list of regional carriers for Delta now includes,
Pinnacle
Skywest
ASA
Chautauqua
Republic
Mesa
Freedom
Compass
Comair
Mesaba

And with so many hubs close together in the Midwest I think we will see some big changes. DTW, MSP, CVG, & MEM are all fairly close together with overlapping routes.

[aschonland]

URL: The megamerger and superhub - meet the new giant (http://iagblog.podOmatic.com/entry/2008-10-30T14_21_50-07_00)

"The world's biggest airline just arrived - and we mean huge. 770 planes, 75,000 staff and $35bn in annual revenue. Put that revenue in another way - $95m per day. The numbers are boggling. Right now everyone is drinking deeply from the corporate Kool-Aid jug - probably too deeply. This company is going to be so complex that it will stretch managers like never before. Which is important since many of the most experienced managers are leaving. All we hear at this stage is how good its going to be. But the devil is in the details - how well the team executes this giant merger will tell us just how good they really. Ted Reed, airline reporter for TheStreet.com joins IAG's Mike Ciasullo to go over this merger and some its obvious implications. "

[Mick16]

My guess is 2,000. As soon as the ink dries, the lies will begin to unfold.


Bob, how did you come up with this number and do you have any firm information about furloughs?