Matt Molnar
2008-01-10, 12:46 PM
AP (via Forbes):
Sector Snap: Airline Shares Head Higher (http://www.forbes.com/feeds/ap/2008/01/10/ap4516527.html)
Associated Press 01.10.08, 11:27 AM ET
[snip]
Northwest Airlines Corp.'s surge was even more impressive. Its shares added $2.94, or 24.5 percent, to $14.95.
Speculation has been swirling that the Eagan, Minn.-based carrier could be a takeover target for Delta Air Lines Inc. On Wednesday, the head of Delta's pilots union suggested in a letter to members that a deal involving the carrier may be close.
"Consolidation may indeed be at our door," Lee Moak, chairman of the union's executive committee, wrote.
Delta shares rose $1.13, or 8.4 percent, to $14.65.
Sector Snap: Airline Shares Head Higher (http://www.forbes.com/feeds/ap/2008/01/10/ap4516527.html)
Associated Press 01.10.08, 11:27 AM ET
[snip]
Northwest Airlines Corp.'s surge was even more impressive. Its shares added $2.94, or 24.5 percent, to $14.95.
Speculation has been swirling that the Eagan, Minn.-based carrier could be a takeover target for Delta Air Lines Inc. On Wednesday, the head of Delta's pilots union suggested in a letter to members that a deal involving the carrier may be close.
"Consolidation may indeed be at our door," Lee Moak, chairman of the union's executive committee, wrote.
Delta shares rose $1.13, or 8.4 percent, to $14.65.