Delta Air Lines Inc. (DAL) is studying US Airways Group Inc. (LCC) as a possible acquisition target, the Wall Street Journal reported Friday, citing people familiar with the matter.
Delta has also been assessing a similar move for American Airlines parent AMR Corp. (AAMRQ.PK), the people said, according to the Journal. AMR Corp. filed for bankruptcy protection in late November.
Delta is working with Goldman Sachs Group Inc. (GS) as one of its financial advisers, along with Blackstone Group (BX), the Journal quoted the people as saying.
Delta hasn't yet approached US Airways, and is still weighing which deal if any would make most sense and have the best odds of success, the Journal further quoted the people as saying. US Airways is open to being both a buyer or a seller and is expecting Delta to reach out, it added.
US Airways made an $8.7 billion hostile bid for Delta in 2006, when that company was under bankruptcy protection, but failed.
Delta acquired Northwest Airlines in 2008.
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