Delta Meets US Airways, Still No Merger Plans Ahead

Delta Air Lines said last week it listened to a presentation by US Airways on that company’s $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.

US Airways, which pitched its plan to Delta’s senior management and creditor committee representatives on Thursday, said in a separate statement that it was pleased to have had the chance to discuss its proposal.

It was US Airways’ first opportunity to speak directly to Delta’s official committee of unsecured creditors since launching its offer on November 15.

It was not clear whether the parties would meet again to take US Airways’ unsolicited bid for its larger rival further. Delta was legally obliged to review the bid.

Delta has been recalling pilots and flight attendants to work this year as it expands internationally and restructures operations. Its monthly loss in October narrowed year-over-year, helped by lower costs.