Tempe-based US Airways’ attempted takeover of Delta Air Lines is a dead deal. For now, at least.
“They may have lost the battle but not the war,” said airline industry expert Mo Garfinkle of GCW Consulting. “This is a bright, ambitious management team, exploring all their options. They’ll regroup, and they’ll succeed.
“And next time, let’s hope they will get together with somebody who wants to keep the headquarters in Tempe,” Garfinkle added.
And with somebody who wants to merge. Delta management has fought the US Airways proposal from the start.
US Airways CEO Doug Parker made his first $8.5 billion bid for Delta Nov. 15, but Delta CEO Gerald Grinstein tried to ward off the merger from the get-go, enlisting such surprising allies as congressmen and the pilots union.
That was a winning strategy, Garfinkle said.