15 April 2008 17:40 [Source: ICIS news]
“We will be able to withstand the volatility of fuel prices,” Delta CEO Richard Anderson said. “Fuel costs were eroding the financial benefits.”
Combined airlines will have will have increased buying power and expanded networks without the need for more flights, industry analyst William Swelbar said recently.
Combined, the company and its regional partners will provide access to more than 390 destinations in 67 countries. Delta and Northwest, together, will have more than $35bn (€22bn) in aggregate annual revenues, operate a mainline fleet of nearly 800 aircraft and employ about 75,000 people worldwide.
The combined company will have an expected liquidity of nearly $7bn at closing of the merger.
($1 = €0.63)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|