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NWA-Delta Propose Mega Merger
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IAM&AW International
April 15, 2008 - Not even a year after emerging from dual bankruptcies that wiped out shareholders, devastated employees and cut service to many communities, Northwest Airlines and Delta Air Lines have announced plans to merge, creating the world’s largest airline and likely triggering additional mergers.
“Airline industry consolidation will come at tremendous public expense,” warned Transportation GVP Robert Roach, Jr. “We firmly believe this merger is not in the best interest of passengers, employees or the communities these airlines currently serve.”While Delta and Northwest may have an agreement, the merger’s completion is far from certain. Any merger proposal must first be reviewed by the Department of Transportation (DOT) and approved by the Department of Justice (DOJ). The proposed merger between United and US Airways languished for 18 months before the DOJ rejected the deal.
“Northwest Airlines and Delta Air Lines’ attempt to merge is just the latest chapter in the crisis-filled history of our beleaguered industry,” said District 143 President Steve Gordon. “I would not blame any airline employee who sees this as nothing more than a power play by airline executives at the expense of employees and passengers.”
The Northwest-Delta deal is widely expected to trigger additional merger announcements, with some combination of Continental, United and American most likely to follow.
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