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us airways’ bid for delta is just one sign of airlines’ recovery in america


in the clearest indication yet that things are improving in america’s creaking airline industry, us airways launched an $8.7 billion hostile takeover of delta on november 15th. a friendly approach was rejected last summer, so us airways’ boss, doug parker, has decided to appeal to the bankrupt airline’s creditors. the advantage of making a move now is that it is easier to cut jobs and slash costs while an airline is in chapter 11 bankruptcy, as delta has been since last year. mr parker says annual operating savings from the merger could amount to $1.65 billion, but would be only half that if he waited until delta emerged from bankruptcy.