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Some deals are already on the table in the airline industry, where a long-awaited round of consolidation seems to be nearing, and more deals are being discussed. The only catch is there's no assurance that any of them will get done.
In the past month, US Airways(LCC Quote) and AirTran(AAI Quote) have bid for other carriers. United(UAUA Quote) has talked to Continental(CAL Quote) about a combination, and Northwest(NWACQ Quote) has hired a merger adviser.
Each case is facing its own substantial barriers. The US Airways bid for Delta(DALRQ Quote) is a hostile one, opposed by the target company's management, as is the AirTran proposal for Midwest Air(MEH Quote). ...
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