This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Delta May Make Run at US Airways

NEW YORK ( TheStreet) -- Delta Airlines (DAL - Get Report) is reportedly looking to gobble up some of its competition.

According to The Wall Street Journal, the company is doing its homework on possibly making a bid to acquire US Airways (LCC), according to unnamed "people familiar with the matter."

The Journal article said AMR Corp., the parent company of American Airlines that filed for bankruptcy protection in late November, could also end up a target of Delta, which is said to be working with Goldman Sachs (GS - Get Report) and Blackstone Group (BX - Get Report) as advisers.

Delta has yet to approach US Airways, the article said, as it's still mulling which deal makes the most sense for it from a strategic standpoint and which is more attractive from a regulatory standpoint.

Shares of Delta closed at $10.39, up 2.2%, while US Airways' stock finished at $8.18, enjoying a gain of 4.2% on the day. AMR, which now trades on the Pink Sheets, last transacted at 69 cents. US Airways' shares are down 23% in the past year, while Delta's stock is off 14%.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LCC $0.00 0.00%
BX $27.44 0.00%
DAL $41.67 0.00%
GS $164.11 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs