Power Breakfast: Delta eyes more mergers, Georgia unemployment up, HOPE, MARTA, Pepsi

Delta’s top executive said he expects more consolidation in the industry — even after two mega-mergers in the past two years — and wants to keep enough cash available to be able to participate, AJC reporter Kelly Yamanouchi writes.

Delta executives also told investors Wednesday that they see a “strengthening business environment” that will lift Delta well into the black for the year, Yamanouchi reports.

Chief executive Richard Anderson’s comments at an investor conference came amid reports that the British carrier Virgin Atlantic is seeking potential partners or an investment and that Delta is among potential candidates, according to Sky News in the U.K.

“We’ve got to prepare our balance sheets for future opportunities,” Anderson said during the New York conference, which was webcast. “I think we need to be flexible enough to participate, even through joint ventures or other sorts of arrangements.”

He said he wants to position Atlanta-based Delta “to be able to participate” in the final stages of industry consolidation, Yamanouchi writes.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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16 comments Add your comment

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December 16th, 2010
6:49 am

Yes…..great…..just sit on the cash now, so we can merge and make even MORE jobs redundant. All while keeping airfares artificially low so we barely turn a profit!!

Where’s my Xanax?

CaribouRancher

December 16th, 2010
7:30 am

I guess it could be worse? They could’ve been MARTA, which cut service and saw their ridership drop like a rock!

TnGelding

December 16th, 2010
9:05 am

I would recommend concentrating on customer service and paying down debt instead. Bigger is not always better.

TnGelding

December 16th, 2010
9:06 am

MARTA is still a victim of racism. The lack of support from the governor’s office is disgraceful.

Road Scholar

December 16th, 2010
9:37 am

Southwest Air can’t get here soon enough! Customer service at Delta….Where? When did you see it scurry across the floor?!

shadow7071

December 16th, 2010
10:09 am

Delta needs to decide if they’re investment bankers or an airline. You can’t be both, at least not very good. If they don’t want to be an airline then they need to move over and let someone else be Delta Airlines. Someone who’s interested in customer safety, comfort, and service.

Southwest Rules!

December 16th, 2010
1:28 pm

When southwest comes to atlanta, I’ll switch from delta (bad service) to SW (great service) for all my flights!!!

Red

December 16th, 2010
4:12 pm

TnGelding,

Any proof that MARTA is a victim of racism? If all else fails, play the race card to get what you want? Maybe MARTA needs to learn from other successful public transportation systems. The other big cities like New Yor, Chicago, and Boston don’t seem to have problems with theirs.

The Dogfighter Returns

December 16th, 2010
9:04 pm

Southwest Rules!

December 16th, 2010
1:28 pm
When southwest comes to atlanta, I’ll switch from delta (bad service) to SW (great service) for all my flights!!!
—–
SW is already here, they purchased airtran and will simply paint the airtran planes. Hopefully the airtran employees can be taught new tricks.

The Dogfighter Returns

December 16th, 2010
9:09 pm

Red

December 16th, 2010
4:12 pm
TnGelding,

Any proof that MARTA is a victim of racism? If all else fails, play the race card to get what you want? Maybe MARTA needs to learn from other successful public transportation systems. The other big cities like New Yor, Chicago, and Boston don’t seem to have problems with theirs.
—-
Where are all the other cities you mentioned located relative to Atlanta? You are talking about cities and states that are forward thinking and far ahead of Atlanta/Georgia in terms of mass transit.

Headin West

December 17th, 2010
2:20 pm

^^^^^Little known fact, with Dallas,TX’s opening of the Green Line a couple weeks ago, it is now the largest light rail system in the nation. Dallas freaking Texas.

Marta

December 17th, 2010
3:40 pm

When will marta come to cobb county suburbs? I’m tired of this hour long commute each day from Kennesaw on I-75—there’s always an accident, rubber neckers, etc. and traffic’s always screwed up. Will marta ever get into the 20th century and hire smart people instead of the morons who run that system now?

Red

December 17th, 2010
3:53 pm

The Dogfighter Returns,

…and Atlanta is not forward thinking or is it MARTA that is not forward thinking? Every other transportation company seems to have success in Atlanta except MARTA. Delta, AirTran, FedEx, UPS…and they don’t need goverment handouts.

The Dogfighter Returns

December 18th, 2010
1:32 pm

Red drop your crack pipe and comeback to reality.

Delta has filed for bankruptcy multiple times and needed a government bailout after 911 to continue.

Airtran fka valu jet is a regional company which was known for poor safety which eventually caused the death of 110 people.

Next time you take Fedex or UPS from Doraville to College Park give me a call.

:)

Dixie Redcoat Band

December 20th, 2010
10:59 am

Love the “race card” being played for MARTA. Have you noticed those home security commercials….the guys breaking in are……white males.
Pretty funny.

Gene

December 21st, 2010
5:13 pm

Dixie,

It’s a parallel universe like Back To The Future III.