Originally Posted by
Bucking Bar
The Wall Street Journal reported that executives at Northwest Airlines (NYSE: NWA) are still pushing for a merger with peer Delta (NYSE: DAL), even if it means their pilots were to lose their seniority
It wouldn't technically be a loss of seniority. Its just that they may not all be included initially. That's the fragmentation aspect. Delta doesn't want the DC-9s. The "transferred" seniority list would reflect that. Very similar to the PanAm transaction in '91.
Here we go again with Duke/Spellacy.