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Delta Air CEO opens door to consolidation | News | Mergers/Acquisitions | Reuters

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Delta Air CEO opens door to consolidation | News | Mergers/Acquisitions | Reuters
Topic: Miscellaneous 12:02 am EDT, Oct 17, 2007

NEW YORK (Reuters) - Delta Air Lines Inc (DAL.N: Quote, Profile, Research) positioned itself as a buyer in the U.S. airline industry on Tuesday as its new chief executive said the carrier wanted to take a leading role when the industry consolidates.

"We fully expect that this evolution toward a more consolidated industry will continue," said Richard Anderson, who took over as Delta CEO in September.

"Ultimately, it's our goal to be the undisputed leader in the airline industry. To achieve that goal, we must be on the leading edge of change to keep pace in this dynamic business environment," Anderson, the former CEO of Northwest Airlines Corp (NWA.N: Quote, Profile, Research), said on a conference call.

"There are obvious benefits that could accrue from consolidation for our shareholders and employees," said Anderson. "We are evaluating the best path forward for Delta."

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Delta Air CEO opens door to consolidation | News | Mergers/Acquisitions | Reuters



 
 
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