Major airline shakeup brewing

UNITED-CONTINENTAL, NORTHWEST-DELTA MERGERS COULD REMAKE INDUSTRY
(San Jose Mercury News)
Four major U.S. carriers, including United Airlines, appear closer to consummating deals that would radically remake the airline industry, people close to the airlines say. Chicago-based United is in merger talks with Continental Airlines and is poised to seal its deal if Delta Air Lines and Northwest Airlines combine first, sources say. The deals could be announced in rapid succession as early as this month, if carriers can resolve a host of issues, ranging from fights over how to share the executive suite to offering concessions to labor. Read More