5:09 am December 16, 2010, by Henry Unger
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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