Delta CEO: Room for more mergers...
At a conference Tuesday, the CEO of Delta Air Lines Inc. told investors that there's room in the airline industry for more consolidation.
"If a transaction were to occur, economics should prevail," CEO Richard Anderson said, according to The Associated Press. "I think the case can be made ultimately, but it remains to be seen what this administration's take will be."
Delta, the world's biggest airline, bought Northwest Airlines last year. Since then there has been no additional consolidation in the industry.
"Some analysts have speculated in the past that Alaska Air Group Inc. or JetBlue Airways Corp. could be appealing targets for Delta," AP writes. "There also has been talk in recent years of possible combinations between Continental Airlines Inc. and United Airlines and between American Airlines and US Airways Group Inc."
Since its merger, Delta has focused on expanding through alliances. The airline currently has a joint venture with Air France-KLM and is working to bring Japan Airlines into the SkyTeam alliance. --Rebecca Heslin
Wasn't aware DAL was interested in JBU