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U.S. Senate Committee on Commerce, Science, & Transportation | |
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For Immediate Release May 5th, 2008 |
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COMMERCE COMMITTEE ANNOUNCES WITNESSES FOR AVIATION HEARING
Delta, Northwest CEOs to Address Merger Issues |
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WASHINGTON, D.C. – The Senate Committee on Commerce, Science, and Transportation announces the witnesses for an Aviation Operations, Safety, and Security Subcommittee hearing on The State of the Airline Industry and the Potential Impact of a Delta/Northwest Merger scheduled for this Wednesday, May 7, 2008, at 2:30 p.m. A full witness list is below.
The record high cost of fuel is challenging U.S. air carriers’ ability to achieve continued financial stability. As a result, six air carriers have declared bankruptcy since the beginning of the year, and two major carriers have announced their intention to merge. This hearing will examine the current financial state and long-term economic outlook of domestic air carriers and the implications of consolidation. Senator Rockefeller will preside.
The State of the Airline Industry and the Potential Impact of a Delta/Northwest Merger Aviation Operations, Safety, and Security Subcommittee Date: Wednesday, May 7, 2008 Time: 2:30 p.m. Location: Room 253, Russell Senate Office Building Witnesses: Mr. Richard Anderson, Chief Executive Officer, Delta Air Lines Mr. Mark Cooper, Director of Research, Consumer Federation of America Ms. Patricia Friend, International President, Association of Flight Attendants – CWA, AFL – CIO Mr. Ray Neidl, Analyst, Calyon Securities Mr. Patrick Murphy, Principal, Gerchick-Murphy Associates, LLC Mr. Doug Steenland, President and Chief Executive Officer, Northwest Airlines ###
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