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Joined: 19 Jul 2005
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| Posted: Fri Sep 26, 2008 4:38 am Post subject: Aero-News: Quote of the Day (09.26.08) |
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"The two billion dollars in annual synergies achievable through this merger are something neither carrier could have achieved as a stand-alone carrier." Source: Doug Steenland, CEO of Northwest Airlines. As expected, shareholders in both Northwest and Delta Air Lines overwhelmingly approved the merger of their two companies Thursday. The new Delta will easily eclipse American Airlines to become the world's number-one passenger carrier, with more than 285 billion revenue passenger miles to American's 223 billion. Delta and Northwest beancounters estimate the combined airline will save $500 million in costs in its first year, and as much as $2 billion a year in subsequent years.
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