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South Metro Airport Action Council
** S M A A C **
Major airline mergers and acquisitions since 1985
1985 Southwest acquires Muse $40.5 million in cash, $20 million in stock
1986 TWA acquires Ozark $250 million
Northwest acquires Republic $884 million
United acquires Pacific routes of PanAm $750 million
Texas Air acquires People Express $112 million
Texas Air acquires Eastern Airlines $676 million
Alaska Air Group acquires Jet America $28.8 million
Alaska Air Group acquires Horizon Airline $68 million
1987 American acquires AirCal $225 million
Delta merges with Western Airlines $860 million
US Air acquires Pacific Southwest Airlines $385 million
US Air acquires Piedmont Aviation $1.6 billion
1990 American acquires Eastern's Latin America routes $335 million
1991 Delta acquires PanAm Shuttle, European routes $621 million in cash, $668 million of debt
1993 Southwest acquires Morris Air $129 million stock swap
1998 Northwest buys majority share of Continental $430 million in cash, stock*
1999 Delta acquires Atlantic Southeast $700 million
Delta buys the 78% of Comair it didn't already own $1.8 billion in cash, $100 million in debt
2001 American acquires TWA $742 million in cash, $3.5 billion in TWA debt
2005 US Airways merges with America West $1.5 billion
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