FlyerTalk Forums - View Single Post - no Singapore Airlines - Delta - Swissair future?
Old Sep 28, 1999, 4:38 pm
  #8  
leroy11
Original Member
 
Join Date: May 1998
Location: New York City
Posts: 3,507
It looks like DL came out of this financially better than SQ:

The shares in Singapore were sold at a price near a 52-week high
for that company, while the repurchase of Delta stock was accomplished
at an average price near Delta’s 12- month low. These transactions
will result in a before-tax gain to Delta of approximately $140
million and net cash proceeds of approximately $75 million.

I hope that this does not signify the end of SQ's involvement if DL's ff program!

[This message has been edited by leroy11 (edited 09-28-1999).]
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