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One day after his airline swallowed Northwest Airlines, Delta executive Ed Bastian was in town with a polar bear tie and a smile in a bid to reassure travelers that little would change.
Delta Air Lines Inc. and Northwest Airlines Corp. shareholders gave the go-ahead Thursday to a combination that would create the world's biggest carrier, deciding that in their volatile industry they like their chances better together than on their own.
Delta and Northwest executives want to smoothly complete their deal to create the world's largest airline by the end of the year. But investors reacted negatively Tuesday, amid word there are no plans for further domestic flight cuts as well as the challenges of integrating companies with contrasting cultures, planes and labor relations.
Delta Air Lines Inc.'s pilots union rejected Wednesday the idea of submitting to arbitration with its counterpart at Northwest Airlines Corp. to break their impasse over integrating seniority lists as part of a possible combination of the carriers.
Delta Air Lines Inc.'s top two executives told employees Tuesday that the nation's No. 3 carrier has not yet arrived at a potential combination transaction that meets all of its conditions.
Not too long ago, Delta Air Lines Inc. and Northwest Airlines Corp. seemed all but certain to announce a combination soon. That still could happen in the next few days, but an impasse over seniority involving the pilots unions has jeopardized a deal, raising the question of what happens if Delta or Northwest walks away.
Northwest Airlines Corp. pilots have integration issues to sort out. Not just the ones with their counterparts at Delta Air Lines Inc. that threaten to scuttle talks to combine the two carriers. The ones with Republic Airlines. From 1986.
An impasse among pilot negotiators over blending seniority lists put a $20 billion deal to combine Delta Air Lines Inc. and Northwest Airlines Corp. in "serious jeopardy" as the boards of the two companies prepared to meet Wednesday, two people close to talks told The Associated Press.
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