Delta's Future Just Got Trickier

US Airways' sweetened offer puts pressure on Delta to do a deal

In the two months since US Airways Group's brash, young CEO Doug Parker, launched a quixotic $8.7 billion bid for bankrupt Delta Air Lines, many airline industry watchers felt that Parker's gambit was starting to lose momentum. For one, when Delta's own management team filed its business plan with the bankruptcy court in December, it valued Delta at potentially more than Parker had offered to pay. And his own comments to reporters in late December that he didn't intend to revise his original offer raised questions about whether the 45-year-old Parker had the stomach for a protracted takeover battle.

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