Mergers in the Wings: DAL, LCC, AMR
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (Insider Monkey) -- When it comes to domestic airlines, there are four main players in the U.S.: Delta Airlines (DAL), US Airways (LCC), United Continental (UAL) and American Airlines, which filed for bankruptcy protection in November. However, if DAL has its way, that all could soon change.
DAL, a member of the SkyTeam Alliance, is the world's largest airline by traffic when counting domestic and international travel according to the International Air Travel Authority. It transports just under 111.16 million passengers on domestic and international flights a year, 90.13 million of which are domestic. Delta has been studying US Airways (LCC) as a possible acquisition target according to the Wall Street Journal.
Delta-AmericanDelta isn't stopping there though. According to the Wall Street Journal, DAL has also been considering a similar move with AMR Corp., the parent company of Delta's rival American Airlines. AMR entered bankruptcy protection in late-November.
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