Delta Deal For American? Fat Chance

DALLAS TheStreet) -- Wall Street investment sources may be talking up a Delta bid for bankrupt AMR, but it is difficult to imagine such a bid would be successful. A Delta bid, either for all of the airline or some of its assets, would likely involve breaking up the airline. That is the last thing thing American management, and some of the airline's creditors -- particularly labor creditors -- want to see, because significant job losses would almost inevitably result. Delta and US Airways are studying bids for bankrupt American Airlines. Analysts say a Delta deal would have more problems. "The best bet for American would be to remain independent," said James Little, international president of the Transport Workers Union, which represents about 30,000 workers at American and American Eagle, when reached Friday afternoon. "We have not seen anything that would convince us otherwise." ... Click to view a price quote on AAMRQ.PK.

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