Airline Mergers / Delta / NWA / → All Tags
Airline Mergers: Delta-Northwest Deal May Actually Happen
It's been a bit since we last heard from Delta and Northwest about their forthcoming tie-up. But today Delta announced that pilots for both airlines have agreed to a "joint contract" that will cover all 12,000 of them when the merger is completed "later this year."
According to the Associated Press, the pilots still haven't figured out a way to combine their seniority lists--which decide who flies where and how much they're paid--but will agree to binding arbitration if they can't make a deal.
Though European regulators have already approved the merger, antitrust G-men in the US still have to give it the OK, as do shareholders. That later group might be encouraged to give it a nod if they believe what one industry analyst said today: Delta could turn a profit in 2009 if oil stays at its current price of about $115 a barrel.
· Delta and Northwest Pilots Approve Joint Collective Bargaining Agreement [Official Site]
· Voting Deadline Looms for Delta, NWA Agreement [AP, via Google]
· UAL, Delta May Lead Carriers to Profit [Bloomberg]
· Airline Mergers coverage [Jaunted]