US Airways Increases Bid For Delta

US Airways increased its bid to takeover Delta today by 20 percent to about 10.3 billion dollars. Northwest Airlines has also jumped into the fray and is making a move to takeover Delta.

A Northwest takeover of Delta would be considered preferable as the routes of the two airlines overlap significantly less than US Airways and Delta. The potential US Airways takeover has been strongly fought against by Delta managers and pilots who risk losing jobs in competing routes if the deal goes through.