Impact of American/TWA merger on NWA

ONE OF THE BIG BUSINESS STORIES TODAY IS THE REPORTED TAKEOVER OF FINANCIALLY TROUBLED TWA BY AMERICAN AIRLINES. TWA IS CLOSE TO FILING CHAPTER 11 BANKRUPTCY PROCEEDINGS. YOU'LL REMEMBER MINNESOTA BASED NORTHWEST HELD TALKS, LAST SUMMER, WITH AMERICAN ON SOME SORT OF A POSSIBLE MERGER, BUT THOSE TALKS DIDN'T GO ANYWHERE. SO, WHAT HAPPENS TO NORTHWEST NOW? JOEL DENNY IS AN AIRLINE ANALYST FOR PIPER JAFFREY. HE SAYS FROM A COMPETITIVE STANDPOINT, THE ACQUISITION WON'T HAVE A BIG IMPACT ON NORTHWEST. Joel Denny is an airline analyst with U-S Bancorp Piper Jaffray.