Delta Air Lines, Inc (DAL)

[tsurge]

Well, there ought to be more activity on the Delta board now that this may be happening:

US Airways proposes to merge with Delta
Wed Nov 15, 2006 6:12am ET
NEW YORK, Nov 15 (Reuters) - US Airways Group, Inc. (LCC.N: Quote, Profile, Research) on Wednesday said it had made a merger proposal with Delta Air Lines Inc. (DALRQ.PK: Quote, Profile, Research) under which the companies would combine upon Delta's emergence from bankruptcy.

The proposal would provide about $8 billion of value in cash and stock to Delta's unsecured creditors, US Airways said. Delta creditors would receive $4 billion in cash and 78.5 million shares of US Airways stock with an aggregate value of around $4 billion based on Tuesday's closing stock price.

should only happen if Delta emerges from bankruptcy and the new carrier will be called Delta...