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DL Interested In CO Again  
User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Posted (13 years 8 months 2 weeks 1 day 1 hour ago) and read 2735 times:

In an article in this morning's USA Today, it has been leaked out that Delta has renewed its interest in Continental as a merger target in the wake of all these supermergers.

Delta apparently contacted their financial consulting firm to discuss the possibility of going through with it.

WOW! I was thinking AS. If we do a Continental buyout, it will be against their wishes, but we have to do something to stay competitive. We shall see.

DeltaSFO


It's a new day. Every moment matters. Now, more than ever.
58 replies: All unread, showing first 25:
 
User currently offlineUSAFHummer From United States of America, joined May 2000, 10685 posts, RR: 52
Reply 1, posted (13 years 8 months 2 weeks 1 day 1 hour ago) and read 2582 times:

Now DL and CO are jumping on the bandwagon! Welcome aboard!

Greg



Chief A.net college football stadium self-pic guru
User currently offlineB757300 From United States of America, joined Dec 2000, 4114 posts, RR: 22
Reply 2, posted (13 years 8 months 2 weeks 1 day 1 hour ago) and read 2574 times:

I think Northwest still has the ability to reject any takeover attempt of Continental. Also, Continental has said not no but HELL NO to a full takeover.


"There is no victory at bargain basement prices."
User currently offlineThe spinmaster From , joined Dec 1969, posts, RR:
Reply 3, posted (13 years 8 months 2 weeks 1 day ago) and read 2569 times:

If NW dosen't like the deak we'll buy them too.

User currently offlineThe spinmaster From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 8 months 2 weeks 1 day ago) and read 2554 times:

If NW dosen't like the deal we'll buy them too.

User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Reply 5, posted (13 years 8 months 2 weeks 1 day ago) and read 2565 times:

LOL yeah Spinmaster..... don't mess w/ the Big D.


It's a new day. Every moment matters. Now, more than ever.
User currently offlineNotarzt From Germany, joined Dec 2000, 642 posts, RR: 1
Reply 6, posted (13 years 8 months 2 weeks 1 day ago) and read 2553 times:

> UA/US: United States Airlines
> AA/TW: American Trans World Airlines
> DL/CO: Delta Continental Airlines

Now we have the perspective we were missing a few years back for how the market for the ten biggest US carriers may develop. Three will be left. I am eagerly waiting for a decision on what is going to happen with Northwest Airlines.

No doubt, the Delta/Continental merger would produce the most compatible fleet merger of the mega-mergers. Delta will get rid of their MD-80 and MD-90 narrowbodies, accepting Continental's B737NG orders, the medium-range segment will be operated by B757s and B767s whereas the long-range operations are being served by B767s and B777s. Different powerplants on common types - if occuring - can be replaced quite easily - if required by the new airline.

Daniel


User currently offlineSteman From Germany, joined Aug 2000, 1391 posts, RR: 7
Reply 7, posted (13 years 8 months 2 weeks 1 day ago) and read 2549 times:

I think it would be great such a merger (more than takeover)
I mean, DL and CO are both very dynamic carriers with similar fleets but different hubs, similar code-share agreements like the one with Air France.
In my opinion it would be better than a NW/CO merger

Ciao

Stefano


User currently offlineThe spinmaster From , joined Dec 1969, posts, RR:
Reply 8, posted (13 years 8 months 2 weeks 1 day ago) and read 2538 times:

DLSFO...do you have aol and are you signed on??


User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Reply 9, posted (13 years 8 months 2 weeks 1 day ago) and read 2530 times:

No... I'm at work, waiting for class to start.


It's a new day. Every moment matters. Now, more than ever.
User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Reply 10, posted (13 years 8 months 2 weeks 1 day ago) and read 2524 times:

By the way, what concourse do you work at ATL?


It's a new day. Every moment matters. Now, more than ever.
User currently offlineNavion From United States of America, joined May 1999, 1013 posts, RR: 1
Reply 11, posted (13 years 8 months 2 weeks 1 day ago) and read 2516 times:

Would Delta leave DAL for IAH? Kind of makes you wonder. Maybe there would be enough traffic for both hubs.

User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Reply 12, posted (13 years 8 months 2 weeks 1 day ago) and read 2514 times:

I think we would. We would have way more market share in IAH than we do in DFW.

DeltaSFO



It's a new day. Every moment matters. Now, more than ever.
User currently offlineLaxFlyer From United States of America, joined Feb 2000, 158 posts, RR: 0
Reply 13, posted (13 years 8 months 2 weeks 1 day ago) and read 2489 times:

Gee thats funny. No one at CO knows a thing about this rumor! Just because you read something in a newspaper doesn't make it true. Until Gordon issues a statement regarding this latest. I'll stick with what he told us a few months ago. "We will never merge with DL now or ever and they do need to get a life."

User currently offlineB757300 From United States of America, joined Dec 2000, 4114 posts, RR: 22
Reply 14, posted (13 years 8 months 2 weeks 1 day ago) and read 2483 times:

GO Gordon! 


"There is no victory at bargain basement prices."
User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Reply 15, posted (13 years 8 months 2 weeks 1 day ago) and read 2482 times:

Bethune can talk as much as he wants, but if we tender an offer to his stockholders and they accept, then that's it.

DeltaSFO



It's a new day. Every moment matters. Now, more than ever.
User currently offlineNotarzt From Germany, joined Dec 2000, 642 posts, RR: 1
Reply 16, posted (13 years 8 months 2 weeks 1 day ago) and read 2481 times:

LaxFlyer,

Basically, you are correct. The new DL interest in CO was taken from a newspaper and people are discussing about this topic as if it's already a definite fact. On the other hand, just watch those discussions on United/US Air and American/Trans World. Same situation... no final approval. All this is hypothesis.

Daniel


User currently offlineB757300 From United States of America, joined Dec 2000, 4114 posts, RR: 22
Reply 17, posted (13 years 8 months 2 weeks 23 hours ago) and read 2470 times:

Well, as a Continental Preferred stock holder, I can tell you my answer would be HELL NO and I believe a lot of people would share that opinion.

As for AA/TWA, TWA has filed its bankruptcy papers so it looks like it’s a done deal.



"There is no victory at bargain basement prices."
User currently offlineFlashmeister From United States of America, joined Apr 2000, 2900 posts, RR: 6
Reply 18, posted (13 years 8 months 2 weeks 23 hours ago) and read 2461 times:
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DL would not be well-served to pursue CO in a hostile manner. If NW gets serious about them, they could defend CO, and CO would also start a poison-pill process for sure...

Considering where Alaska Air Group stock is at and their abysmal performance this year, they would be a better target for friendly or hostle action.


User currently offlineLaxFlyer From United States of America, joined Feb 2000, 158 posts, RR: 0
Reply 19, posted (13 years 8 months 2 weeks 23 hours ago) and read 2462 times:

These fools come in here with this bull every single day. I am so sick of seeing these posts coming from 16 to 20 year olds who probably don't even work for the airlines. Its really sad because alot of guys who actually did work for the airlines have stopped posting here. The reason? These clowns and their na na na attitude. When I see that crap DL paint scheme on our planes then I'll believe it. In the meantime SFO stop with the childish rambles.

User currently offlineB757300 From United States of America, joined Dec 2000, 4114 posts, RR: 22
Reply 20, posted (13 years 8 months 2 weeks 23 hours ago) and read 2458 times:

Well, it isn't just a rumor being spread around. It is an article in USA today.

Delta Again Considers Buying Continental, USA Today Reports


Washington, Jan. 10 (Bloomberg) -- Delta Air Lines Inc., the No. 3 U.S. airline, is again considering buying Continental Airlines Inc., which it tried to buy two years ago, USA Today reported.

News that AMR Corp.'s American Airlines, the No. 2 U.S. airline, is close to buying Trans World Airlines Inc. plus a part of US Airways Group Inc. prompted Delta to immediately contact its Wall Street advisers to explore a Continental acquisition, the newspaper reported, citing unnamed knowledgeable people.

Delta and Continental wouldn't comment, USA Today said.

UAL Corp.'s United Airlines, the No. 1 U.S. airline, is waiting for regulatory approval to buy US Airways. If both the UAL and American transactions take place, Delta would be left with 18 percent of the market.

Airlines rely on the size of their networks to win contracts with companies that let them carry the most lucrative passengers in the industry -- business travelers. Plus, frequent fliers prefer airlines that give them more ways to earn and use their mileage credit. Costs can be spread across a bigger network.

Jan/10/2001 7:28 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.



Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News.

The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2001 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.



"There is no victory at bargain basement prices."
User currently offlineCeilidh From , joined Dec 1969, posts, RR:
Reply 21, posted (13 years 8 months 2 weeks 23 hours ago) and read 2444 times:

Hmmmm, I still suspect that this may well end up as a reversal of the scenario proposed - ie CO taking over DL. Contacts of mine both on Wall Street and the City (London) say that CO has been talking to various investment bankers recently - and Delta is starting to look somewhat weaker at the moment.

Time will tell!!


User currently offlineDeltaSFO From United States of America, joined Nov 2000, 2488 posts, RR: 22
Reply 22, posted (13 years 8 months 2 weeks 22 hours ago) and read 2437 times:

Laxflyer....

As you can see, it's an article in USA Today, not some "childish rambling." And as for your cheap attack on my credentials, next time you're at SFO, you can stop by DL SFOTR and aplogize in person.

Ceilidh......
I've already mentioned why Delta cannot be taken over.... I presume you've seen it on that thread. Your contacts are misinformed.

DeltaSFO



It's a new day. Every moment matters. Now, more than ever.
User currently offlineThomacf From United States of America, joined Sep 2000, 542 posts, RR: 0
Reply 23, posted (13 years 8 months 2 weeks 22 hours ago) and read 2422 times:

This can't happen, I live in Cleveland and know that if this goes through or a merger with NW, Cleveland will get shafted because it is to close to Cinn. and or Detroit. It would just kill the city.

User currently offlineSccutler From United States of America, joined Jan 2000, 5520 posts, RR: 28
Reply 24, posted (13 years 8 months 2 weeks 22 hours ago) and read 2408 times:

...this may all be true, or it may be another round of baseless speculation. Look at the provenance of the information as we know it now:

Bloomberg citing USA Today citing "unnamed knowledgeable people."

Just because it has been published by a reputable news outlet, doesn't make it news- or true! Ask the shareholders of Emulex.



...three miles from BRONS, clear for the ILS one five approach...
25 Cdfmxtech : Now, now everyone........please enough with the soap operas. I mean, it is really the most interesting stuff to talk about....but talk about jumping t
26 JWM AIRTRANS : All of the same rumors emerged whenm UA and US announce their merger. Its never going to happen. Just Rumors Jack
27 Post contains images RayChuang : Delta and Continental merge? Surely you jest. The issue of a CO/DL merger is simple: New York City access. With DL owning a LOT of gates at JFK and CO
28 ContinentalEWR : It won't happen b/c of the NW thing and logistically and regulatory-wise, it would not work. However, if it does happen, CO will be the one doing the
29 Tan flyr : Consider this, it is entirely possible that the remaining majors can find PROFITABLE opportunities on their own. UA & AA will spend years tripping on
30 CAETravlr : I am not sure why all you guys seem to think that DL would not be in a position to buy CO assuming they could work out all the regulatory hurdles, and
31 Nwa747-400 : CO wants nothing to do with DL as Bethune has stated time and time again. NW has the right to block any buyout of CO for the next 25 years. NW/CO want
32 Watewate : I want to address a few sentiments expressed in above posts. It's been said that Bethune wants nothing to do with Delta. But has anyone heard from him
33 DeltaSFO : Watewate... all good thoughts, except I think I've explained about a zillion times why DL cannot and will not be taken over by another carrier. DeltaS
34 Cotpares : Why does it have to be a buyout Alliances are just as profitable without all the labor and union disputes everyone keeps their jobs and seniority. pax
35 Ceilidh : DeltaSFO - I assure you, Delta can be taken over by anyone with sufficient resources to do so. The employees own 15% of the company - great. However,
36 DeltaSFO : Ceilidh.... I'm sorry to disappoint you, but Delta pilots negotiated an ESOP contract with the company where they took on 15% of the company stock, an
37 Exusair : Bethune won't sell CO because he loves his job too much. Sleeping with the flight attendants and picking up new airplanes from the Boeing factory. He
38 Post contains images Notarzt : DeltaSFO, Listen good to what Ceilidh (Neil) says. He's one of the world's most successful airline entrepreneurs we have ever seen. Hmmhhh, the most r
39 DeltaSFO : It would be interesting, if a DL buyout of CO happens, to see who stays on top.... Bethune has a good reputation among the troops at Delta. Delta pay
40 Lax2000 : It would be nice if CO too over DL.
41 Ceilidh : DeltaSFO - Right of Refusal means that they have first option to buy the company on the same terms as those offered by an outside source. What you're
42 B757300 : Continental CEO sees no urge to merge NEW YORK, Jan 10 (Reuters) - Continental Airlines Inc. Chief Executive Gordon Bethune said on Wednesday the No.
43 DeltaSFO : Ceilidh..... I'm not going to waste my time discussing this with you. You and I both know that DL is in by far the strongest financial position of any
44 Ladevale : Any combination between Delta and Continental would not have the benefit of the argument that the airline being acquired, whether it be Delta or Conti
45 B-787 : To hell with a DL/CO merger, I mean this is absurd CO is my favorite airline.
46 DeltaSFO : In the long run, I think you're right B-787. Doubt that a DL/CO merger would happen. Way too much overlap. Too much risk. DL/AS is guaranteed to work.
47 RayChuang : DeltaSFO, I think DL buying out AS is a GREAT plan. There are some big advantages to this plan: 1. DL and AS have a very good overlap of the type of p
48 Cba : CO and DL would be a good team, but I a merger/buyout would be bad. An alliance like the one CO has with NW would work, but DL is tied to Skyteam and
49 ScottB : DeltaSFO- You really ought to get your facts right when you talk about Delta's financial position. When you look at the 2000Q2 numbers from USDOT, you
50 Post contains images QantasA330 : FOR GOD'S SAKE STOP YOUR BICKERING! *You guys are ruining the whole purpose of partaking in these forums. On a lighter note: If DL and CO get together
51 DeltaSFO : You are absolutely right, and I should have qualified my statement by saying that out of all the hub-based carriers, DL is doing best. I stand correct
52 TWA : ContinentalEWR, Your just saying that because you love Continental and hate Delta. Their is no way in hell Continental would buy Delta. I remember Con
53 777gk : I most certainly love flying for CO, and would be opposed to any merger with another airline, but if it had to be, I would make Delta as my pick to me
54 TWA : Well Said 777gk!!!!! I am glad that not all Continental Fans/Employees are as Hard-Headed, and as No-Brained as ContinentalEWR. -TWA
55 Post contains images 777gk : Well, TWA, I wouldn't exactly call us hard-headed and no-brained, but we do have some VERY staunch supporters of the company and would probably go han
56 Post contains images Notarzt : Ceilidh, Rest assured, I will. Not holding my breath, of course. Daniel
57 Post contains images Ceilidh : As you can see from ScottB's post, Delta has sufficient cash to stay afloat for one month if DALPA decide to take action. After that, it's adios. Thei
58 Post contains images DeltaSFO : Keep on dreaming, Ceilidh..... DeltaSFO
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