Marriage in the Sky
In the season of romance, with Valentine’s Day near, what could be more appropriate than marriage? It may not be love, but in corporate marriage, you get merger. As we noted in “No Tailwind For Airlines,” it’s game on for serious corporate marriage with the carriers. Delta (NYSE: DAL) and Northwest (NYSE: NWA) are said to be in merger talks right now, a possible union which would create the largest airline company in the country. Delta currently has a market cap of $4.8B, while Northwest’s market cap is $4.3B. This merger talk has further pushed, or at least possibly accelerated,…