5.09%QQQQ 34.86 3.65%XLF 17.80 5.22%
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Airline consultant Robert Mann said it's nice -but not necessary -for combining companies to have the blessing of employees. However, employee participation could become important if the carriers look to third parties to pay for the combination.
"Those third parties would want to know that there are willing participants in the deal," Mann said.
Delta Air Lines Inc. and Northwest Airlines Corp. initially sought the blessing of their pilots unions before announcing plans to join in April. Delta pilots eventually agreed, but Northwest pilots have opposed a deal.
US Airways shares were up 18 cents to $7.80 and UAL shares were down 57 cents to $13.81 in Friday trading.
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