SkyWest would consider acquisition of Comair from Delta: CFO
SkyWest stated it would consider the acquisition of Comair from Delta Air Lines, adding that US commuter carriers may benefit from further consolidation (Bloomberg, 04-Aug-2010). Delta stated it is continuing to explore alternatives for Comair, with spokeswoman Kristin Baur stating: “Delta has stated previously that we do not have to own our regional partners to derive value from them. We want to ensure that each partner airline is independently positioned for success with a competitive cost structure.”
SkyWest: “The market is getting so competitive, and the inability of the transportation industry to generate profit requires more efficiency, which will be created through consolidation ... We are not advocates of consolidation if the consolidation doesn’t lead to efficiency and productivity,” Brad Rich, CFO. Source: Bloomberg, 04-Aug-2010.