Delta: Oh, There’s, Like, Totally More Synergies Than We Thought
Apr 24th, 2008 | By Jared BlankOne interesting note from yesterday’s news about Delta’s earnings: Their CEO said that the $1 billion in annual revenue and cost synergies fromthe merger are “really conservative.” As they delve further into the merger, they expect that “significantly more [cost/revenue synergy] opportunities” to be found.
Which is to say, “We have no idea what’s going to happen, but we’re sure we’ll magically make more money.” Never believe the synergy hype.