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Talk of airline consolidation quiets down

1 February 2007

US Airways Group Inc.’s decision Wednesday to drop its hostile bid for Delta Air Lines Inc. has damped speculation that a wave of consolidation is about to sweep the industry.

Airline deals may still be in the offing this year, analysts said. But the failure of US Airway’s high-profile effort sends a strong signal that the number of big domestic carriers is unlikely to shrink in the near future.

I would say it’s now much less likely that we’ll see significant consolidation in 2007,” said Jim Corridore, airline analyst for Standard & Poor’s in New York. “I had thought it was imminent. Now, I think it’s still possible but not really in the cards.

source: Los Angeles Times

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