phasersonstun2
Veteran
- May 1, 2003
- 560
- 4
So what are my thoughts on a merger. I don't want it to happen with anybody. It would be a mess that does not need to happen. If Dougie wants a bigger airline he should grow his own.
I would prefer for ALL of us to have our airline(s) the way we want them. I have lost seniority on mergers, cutbacks, more mergers and more cutbacks. Now we have an industry that has onion skin thin margins due to price sensitivity and overcapacity and is constantly vulnerable to spikes in fuel prices.
There is no doubt that Delta can go it alone, provided they come up with a business plan that will draw exit financing. In essence, DP has offered exit financing, with a caveat. Delta's creditors may decide that they will be better off going to Boeing, GE Capital, etc. for 8 billion dollars, plus exit financing.
Since deregulation, the airline biz, for better or worse, has been dynamic. I wish us all luck, since none of us at the employee level really has any say in who buys who.