Delta and Northwest in $3 Billion Deal
Delta Air Lines and Northwest Airlines agreed late Monday to merge, in a $3.1 billion deal that would create the world’s biggest airline and could prompt other airlines to pursue mergers of their own, the New York Times reported today. Another leading merger candidate is a combination of United Airlines and Continental Airlines, which have explored the idea. The airlines now may try to get the deal wrapped up within the next 30 days. The Delta-Northwest agreement came despite failed efforts to get pilots at both airlines to agree on how to combine their own ranks, an issue that could lead to labor unrest and disruptions to flight operations in the coming years. Northwest pilots immediately said that they would oppose the deal.

