Proposed Northwest/Delta merger – David Wu (D-OR)
Jan.02, 2010 in
Airline Ticket Fares
link) released the following statement. It is in response to the announcement of a proposed merger between Northwest Airlines and Delta Airlines: Delta Airlines and Northwest Airlines have announced plans to merge. We firmly believe that this merger, and those that will inevitably follow, will lead to an industry with fewer choices for consumers, higher fares, and deterioration in the quality of service. If this merger goes forward, other major carriers will propose mergers of their own, and, …
January 2nd, 2010 at 2:40 am
Yes. They fail. Another group of investors buy the assets from the failed business. The new company formulates a better business proposition and better value. They hire the previous employees (usually filtering out the bad ones) and the cycle continues. Alternately, there is too much supply in the market and not enough room for another airline, and lack of profits naturally prevents the rebirth of the airline.
January 2nd, 2010 at 2:40 am
what a bunch of whining liberals…so they would rather have the airlines fail all together rather than survive a maintain the jobs they supply?