The State of the Airline Industry and the Potential Impact of a Delta/Northwest Merger

May 7, 2008

253 SR
The record high cost of fuel is challenging U.S. air carriers’ ability to achieve continued financial stability. As a result, six air carriers have declared bankruptcy since the beginning of the year, and two major carriers have announced their intention to merge. This hearing will examine the current financial state and long-term economic outlook of domestic air carriers and the implications of consolidation. Senator Rockefeller will preside.

Webcast

Majority Statement

  • John D. Rockefeller, IV

    Senator

Minority Statement

  • Ted Stevens

    Senator

Witness Panel 1

  • Mr. Richard Anderson

    Chief Executive Officer
    Delta Air Lines
    Anderson Testimony (194.23 KB)
  • Mr. Mark N. Cooper

    Director of Research
    Consumer Federation of America
    Cooper Testimony (26.49 KB)
  • Ms. Patricia Friend

    International President
    Association of Flight Attendants - CWA, AFL-CIO
    Friend Testimony (58.50 KB)
  • Mr. Ray Neidl

    Analyst
    Calyon Securities
    Neidl Testimony (326.25 KB)
  • Mr. Patrick Murphy

    Principal
    Gerchick-Murphy Associates, LLC
    Murphy Testimony (20.84 KB)
  • Mr. Doug Steenland

    President and Chief Executive Officer
    Northwest Airlines
  • Robert Roach Jr.

    General Vice President - Transportation
    The International Association of Machinists and Aerospace Workers
    Roach Testimony (117.99 KB)