A CONNECTING FLIGHT FOR DELTA AND CONTINENTAL?
Things are going so well for Delta and Continental airlines, No. 3 and No. 5 in the industry, respectively, that they are talking about merging to become No. 1. Then, presumably, they could really kick some tails. An acquisition of Continental, twice bankrupt and now en route to record earnings, by once struggling Delta would create a giant with more than $18 billion in revenues. But the consolidation could reduce competition. "I see the Justice Department digging in their heels and not allowing this acquisition to go through," says Michael Bradley, a finance professor...
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