BUSINESS

Delta, Northwest: No Layoffs, Hub Closings For Now

04/23/2008 05:12 am ET | Updated May 25, 2011

Delta and Northwest airlines announced a $17.7 billion merger Monday night that will create the world's largest carrier -- headquartered in Atlanta with major hubs across the globe, including Asia and Europe.

The mega-airline, which will be called Delta, will have more than $35 billion in combined revenue and about 75,000 employees.

Officials with both airlines said there will be no layoffs of front-line employees nor immediate hub closings.

It is likely that the all-stock deal will unleash a series of other airline mergers that could be even larger, including a possible deal between United and Continental airlines.

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