This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

The Deal: Delta Drops as Airline Exits Memphis Hub

Cohen was one of a number of lawmakers to speak out about the AMR-US Airways deal at a U.S. House of Representative hearing in February. And although the deal does not need congressional approval, lawmakers could use reports of hub closures stemming from past consolidation to pressure the Justice Department into taking a hard line when reviewing this latest merger.

In the Senate, Antitrust Subcommittee Chairwoman Amy Klobuchar, D-Minn., has asked the DOJ to analyze the AMR-US Airways deal in part by putting the mergers between Delta and Northwest as well as UAL Corp. and Continental Airlines Inc. in context, examining how those mergers affected prices, fees and airline service.

But while Delta's action might increase the scrutiny on AMR and US Airways, it has done little to change the conventional wisdom that the deal will eventually win approval.

"It is still a matter of when the deal goes through, not if," one transportation source said. "The Delta headlines help make the argument against consolidation, but it does not change the outcome of the debate."

Written by Lou Whiteman in New York

2 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DAL $44.91 -1.90%
AAPL $128.68 -0.53%
FB $79.92 0.40%
GOOG $570.59 -0.53%
TSLA $198.33 -0.62%

Markets

DOW 18,048.67 -154.70 -0.85%
S&P 500 2,091.66 -16.12 -0.76%
NASDAQ 4,945.8970 -34.0040 -0.68%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs