General
Delta-Northwest
Nothing in the Enquirer yet of course, but BBC has it:
The new airline, to be called Delta, will have annual revenue of more than $35bn and employ about 75,000 staff.
…
The merger agreed on Monday night will see Northwest shareholders receiving 1.25 Delta shares for each of their Northwest shares.
The combined company will be based in Atlanta.
An unspecified number of job cuts are expected to reduce overlap in corporate and administrative departments, Delta said.
Before the merger, Delta had said it would eliminate 2,000 jobs this year.
…
“This administration has taken a very pro-merger stance,” said Diana Moss, an economist at the American Antitrust Institute.
They want to get it done this year, before a potential Democratic administration, obviously.
The bad news is that CVG will most likely lose the Delta Hub. It’s just too close to the NW hub at Detroit and the Detroit terminal is newer and nicer. It won’t happen immediately but eventually. Comair may even move up to Detroit as well. That’s the speculation at airliners.net anyway.
The good news is that with an empty CVG, we could attract more discount flights or possibly even a discount hub. Less direct flights, but cheaper. This hurts Cincinnati’s status as a Fortune 500 HQ town, but it helps the recreational flyer.
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[...] me if I think that losing a Delta hub would not be the end of the world. In fact, as Dave at NixGuy noted on Tuesday: The good news is that with an empty CVG, we could attract more discount flights or possibly even a [...]
[...] me if I think that losing a Delta hub would not be the end of the world. In fact, as Dave at NixGuy noted on Tuesday: The good news is that with an empty CVG, we could attract more discount flights or possibly even a [...]