these rumors have been around for several months - fueled in part by DL
's COO comments that stated that B6
might be of interest to DL
for exactly the reasons some have pointed out.
just emerged from BK and is not likely to be out trying to buy anyone right now.
has had a crisis of leadership that resulted in their CEO being asked to step down - a pretty heady step for a board to take for a founder of a company. The stock did not soar but Wall Street doesn't like uncertainty and B6
is facing alot of uncertainty - including a much stronger DL
that is making it alot harder for B6
to continue to expand. That doesn't mean DL
is on the verge of buying B6
- at least for now.
And it is very likely that DL
could buy B6
from an antitrust perspective. NYC is a huge market w/ multiple competitors operating out of multiple airports. Even though DL
are the only carriers on some routes from JFK
, there are other competitors from other NYC airports operating nonstop.
take a chilll... this is just another Wall Street rumor... how many times have we heard that the industry would consolidate over the past 5 years. when it happens, you'll know it.