updated 1/10/2007 3:24:28 PM ET 2007-01-10T20:24:28

Delta Air Lines Inc. and Northwest Airlines Corp. are in talks on a possible link-up, the Wall Street Journal reported Wednesday.

The newspaper, which cited sources “familiar with the matter”, said representatives of the two carriers, which are No. 3 and No. 5 in the United States respectively, have met regularly for weeks discussing a possible link-up after they both emerge from bankruptcy.

The two airlines have been restructuring in bankruptcy since September 2005 and aim to exit this year. A Northwest spokesman declined to comment. Delta officials were not immediately available for comment.

The report came in the wake of news that US Airways Group , which made a hostile bid for Delta in November, has raised its offer to $10.3 billion.

Delta management had rejected the original US Airways bid, but US Airways hopes to persuade the carrier’s creditors to have management reconsider.

Delta has filed a plan to exit bankruptcy as a stand-alone  company. Northwest has said it plans to file its own reorganization plan by Jan. 16.

Copyright 2012 Thomson Reuters. Click for restrictions.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.95%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com