Northwest, Delta to Merge?

In a week of nothing but bad airline news, maybe this is good news. But who knows? Maybe it's a last ditch effort to save two airlines this time. Let's hope it's good news.

[Excerpt]

Delta Aims to Unveil Northwest Merger Pact

Delta Air Lines Inc. and Northwest Airlines Corp. may unveil their long-delayed merger announcement as early as Tuesday, said people familiar with the matter, in the latest move by airlines to grapple with high fuel prices and a softening economy.

The deal could value Northwest at roughly $3 billion, these people said, though terms were still being negotiated. That would be well below Northwest's market value of more than $4.6 billion as of Feb. 1, reflecting the industry's worsening prospects in recent weeks. . .

Read more at: Wall Street Journal