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Doug Parker Chimes In On Merger Blitz - Video  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3047 posts, RR: 10
Posted (6 years 2 months 2 weeks 4 days 10 hours ago) and read 2633 times:

I have to admit it is interesting as Doug points out that USAirways offered Delta 11Billion a year ago in a deal. Now Delta he says is worth 5 Billion and all of a sudden they want to strike a deal with someone else for what will probably be less that the former USAirways deal would have been. It is obviously anybodies guess who will line up with who but after USAirways swallowed America West I don't see any other acquisitions by them in the near future. I thought you would find Doug's latest comments interesting to watch. Lastly, I hope that whoever acquires whoever the resultant airline isn't to large to manage.

Courtesy: CNBC

Doug Parker Chimes In On Merger Blitz - Video

http://www.cnbc.com/id/15840232?play...oo|headline|quote|video|&par=yahoo

5 replies: All unread, jump to last
 
User currently offlinePHXmd80 From United States of America, joined Sep 2007, 176 posts, RR: 0
Reply 1, posted (6 years 2 months 2 weeks 4 days 10 hours ago) and read 2598 times:



Quoting KarlB737 (Thread starter):
It is obviously anybodies guess who will line up with who but after USAirways swallowed America West I don't see any other acquisitions by them in the near future.

America West aquired US Airways, kept the US Airways name because not meny people are going to fly on America West Airlines from AMS-PHL.

PHXmd80


User currently offlineBreaker1011 From United States of America, joined Nov 2007, 938 posts, RR: 2
Reply 2, posted (6 years 2 months 2 weeks 4 days 10 hours ago) and read 2594 times:

There's two other good discussions on the topic of Dougie and the "sour grapes(?)" topic - good stuff already contained therein.

Doug Parker (LCC) On M&A



Life's tough. It's even tougher if you're stupid. J. Wayne
User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 11
Reply 3, posted (6 years 2 months 2 weeks 4 days 9 hours ago) and read 2533 times:



Quoting KarlB737 (Thread starter):
Delta he says is worth 5 Billion

I know that people are going to call me a Delta fan boy, but FYI, it's currently $7.32B  Big grin



What gets measured gets done.
User currently offlineEvan767 From United States of America, joined Aug 2005, 2957 posts, RR: 2
Reply 4, posted (6 years 2 months 2 weeks 4 days 9 hours ago) and read 2511 times:

That's a great video. He failed to mention though that Delta didn't want US Air for their route structure which was complete overlap.


The proper term is "on final" not "on finals" bud...
User currently offlineMSYPI7185 From United States of America, joined Oct 2007, 705 posts, RR: 0
Reply 5, posted (6 years 2 months 2 weeks 4 days 5 hours ago) and read 2358 times:

Well it is very understandable why US would want DL and not vise versa. US would have much to gain and DL would gain virtually nothing!

I do not think there are any "sour grapes" going on here. Just US was willing to overpay for DL, apparently hoping to make up the difference on reducing overlaps, etc. Also remember that the DL name has a certain value in itself and this can be written off over 5 yrs(?) I think as "Goodwill" according to GAAP. ( Its been about 10-11 yrs since my Acct. Classes so I may be a little off on the time frame).

I think Doug is just pointing out that DL mgmt sold its creditors a line of bull, and DL value is much closer to his estimate than DL's. Just now that DL is talking to it seems almost anyone who will listen about merging, Doug is going to get more attention. There is a fine line between "sour grapes" and " See I told you so!". Maybe Doug would be better not to comment, because he cannot win. My guess is the creditors are probably kicking themselves right now and the pressure is now on DL to produce the value they claimed in BK and merging is about the only way they can try do it.


Just my  twocents 

mark


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