US Airways Increases Offer for Delta

After saying that it wasn’t going to increase its offer for Delta, US Airways has increased its offer by about $1 billion and 11 million shares — certainly not a small amount of money.  According to US Airways, this is above what Delta has claimed to be its valuation given its standalone plan.  As I’m not a financial analyst, I have no idea whether this is a good idea or not.  We’ll see where US Airways’ stock opens today to see what people think (yes, I know, this was lame.  I just can’t pretend to know where Delta should be valued.  I still think, though, that jamming together Delta and US Airways before America West is fully merged with US Airways is a mistake.  But what do I know.)

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