Air Transport World

BIG SIX BECOME BIG THREE

                     A goad--not great--first                               quarter                   1996 Net 1997 Net  ($millions)      Income*  Income*  Alaska Air Group $13.1    $(5.7)  America West      25.1     13.9  AMR Corp.        290.0    152.0  Continental       81.0     74.0  Delta            193.0    187.0  Northwest         70.8     59.6  Southwest         70.0     50.9  TWA              (61.4)   (75.4)  UAL Corp.         61.0    105.0  US Airways        91.6    131.8  Total            $651.0   $693.1  *Attributable to common stockholders.  SOURCE: Airling reports.      

The recently announced marketing alliances between American Airlines and US Airways on the one hand, and United Airlines and Delta Air Lines may lead to a final consolidation of the industry around three mega-mega carrier groups--or they may not. …

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