Showing posts with label housing market. Show all posts
Showing posts with label housing market. Show all posts

Monday, April 14, 2008

Delta Airlines and Northwest Airlines Become One Through Global Merger



High-cost fuel, consumers'complaints or dissatisfaction, the economy's downturn and other factors cause the two companies to seek merger.

DELTA Airlines and Northwest Airlines have approved a merger deal to create the world's largest airline by traffic.

The combined airline will be led by Delta.

The alliance will create “America's premier global airline”, Delta said, if the $US17.7 billion deal passed regulatory approval.

The deal comes at the same time as skyrocketing fuel costs, a suffering economy and increasing dissatisfaction among travellers, which have together put a chokehold on the airline industry.