No Credibility

That’s what US Scareways says about Delta’s self-valuation.

Delta Air Lines’ self-valuation that it will be worth as much as $12 billion after bankruptcy “lacks credibility,” US Airways Chief Executive Doug Parker said Thursday as he urged creditors to push the Atlanta airline’s executives to explore its merger proposal.

“This is where I’d like to see the [Delta] management team come along,” Parker said in a conference call with industry analysts and reporters. “I’ve passed the threshold to think that’s going to happen soon.”

Parker was less ebullient than during a similar call on Nov. 15 in announcing Tempe, Ariz.-based US Airways’ proposed $8.4 billion takeover, but sounded no less determined.

Considering US Scareways is still having trouble fully incorporating its last airline purchase, I’m still confused why they want Delta.

3 comments

  1. Chris says:

    Considering US Scareways is still having trouble fully incorporating its last airline purchase, I’m still confused why they want Delta.

    My guess: Its the same reason incompetent companies (I’m looking at you ELNK) re-org every 6-9 months. By never keeping still, no-one will notice that they’re aren’t accomplishing anything. In the case of USScare – they want another aquisition to cover up the fact the last one didn’t work.

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