jynxyjoe
Queso King
Just a brutal tear down of the proposed merger.
http://www.usatoday.com/travel/columnist/grossman/2008-10-03-goodbye-northwest_N.htm
Be afraid, be very afraid.
"Only recently emerged from bankruptcy, both Delta and Northwest still have anemic balance sheets and higher cost structures than many competitors. The combined airline is expected to have over $6 billion in cash, but also $16 billion in debt. Inflated oil prices will assure continued losses."
"Northwest and Delta Air Lines each operate five aircraft types, but have just one type in common, the Boeing 757. This means the new airline will operate an unprecedented nine different aircraft types, giving it a distinct competitive disadvantage."
http://www.usatoday.com/travel/columnist/grossman/2008-10-03-goodbye-northwest_N.htm
Be afraid, be very afraid.
"Only recently emerged from bankruptcy, both Delta and Northwest still have anemic balance sheets and higher cost structures than many competitors. The combined airline is expected to have over $6 billion in cash, but also $16 billion in debt. Inflated oil prices will assure continued losses."
"Northwest and Delta Air Lines each operate five aircraft types, but have just one type in common, the Boeing 757. This means the new airline will operate an unprecedented nine different aircraft types, giving it a distinct competitive disadvantage."