I'm sure these are some sleepless nights in Tempe right about now. How ironic would it be if Doogie proclaims to be the one who starts industrywide consolidation yet finds himself out in the cold. And could he truly be this dense??? He says he's heard nothing from the creditors committee and there are no more meetings planned. Hmmm...wonder what that could mean???
I enjoyed his comments on the whole NWA/DAL rumors,
Parker said the pressure on other carriers to merge would lessen if US Airways did not merge with Delta. He also said that rumors of merger talks between Delta and Northwest were probably inaccurate.
"I think this Northwest-Delta rumor is just a red herring," Parker said. "It's being created by the Delta team."
Not a whole lot of love between both airlines management, which is one of the main reasons the creditors are hesitant about backing the deal, as per the WSJ article,
"In his testimony tomorrow, Mr. Grinstein is expected to reprise his criticisms of the US Airways deal, which he says would cost thousands of Delta employees their jobs, severely diminish competition in many U.S. markets, and fail to pass antitrust scrutiny due to both airlines' concentrated operations on the East Coast. Some people involved in the Delta case believe the creditors are cooling on the US Airways offer, not for those reasons but because they think Delta management wouldn't cooperate to see the transaction through the antitrust process and other necessary steps."
So Doogie really isn't doing himself any justice by coming out and slamming Delta management, right or wrong. He also didn't make any friends with the creditors committee when he said it would be "incomprehensible" if they didn't allow "due diligence" to begin. These aren't the ones you wanna piss off Doogie.
At any rate, the creditors committee is supposed to be making a statement on the counter-offer this Wednesday.
Stay tuned...
