Delta, Northwest to Merge

Delta Airlines and Northwest Airlines are agreeing to a merger, building what could well become the world's biggest airline. It may also spur other airlines such as United and Continental, to look into mergers of their own.

The New York Times reported Monday night the agreement was reached even with the failed effort to get pilots from Delta and Northwest to agree on combining their ranks. That's the main issue which could lead to unrest on the airline labor front and flight disruptions over the next few years. Northwest pilots have already decided they will oppose the merger.

The threat of rising fuel prices and the prospect of huge savings with a merger, pushed the pilot's concerns further back in the discussions. The airline would still be known as "Delta," with the board retaining 7 Delta members and five from Northwest.

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