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 For Delta and Northwest to complete their combination to create the world's largest airline, they'll have unions to cajole, politicians to placate and antitrust regulators to convince — as well as persuading investors who have panned the deal to change their minds.
Shares of both carriers fell sharply Tuesday after executives said they currently do not plan to cut the number of U.S. flights beyond what they already disclosed individually — something analysts saw as limiting the cost saving or revenue increases from higher fares the airlines could get from the deal.
Two of Northwest's largest unions also immediately declared their opposition to the long-in-the-works deal, announced late Monday after several months of talks.
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