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March 7, 2021
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Airline Merger Hearings in Congress
(2008-04-24)
(wgvu) - CAPITOL HILL (AP) - The chief executives of Delta and Northwest
Airlines are trying to convince lawmakers on Capitol Hill that the
proposed merger between the two is the best way to cope with
surging fuel prices.
Delta CEO Richard Anderson and Northwest CEO Doug Steenland say
their airlines would be stronger together than they are apart. They
also say they would be more competitive with large foreign carriers
and better equipped to handle record fuel prices.
Yesterday, the two airlines reported a combined first-quarter
loss totaling 10.5 billion dollars.
House Judiciary Committee Chairman John Conyers said he was
keeping an "open mind" on the merger. But the Detroit Democrat
then questioned whether it would lead to job cuts and higher fares.
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