As we alluded to in the last post — one of our readers just confirmed that he’s being told Pardus leaked the letter to both the Associated Press and Jeff Bailey at the New York Times.
Considering how thick and credible the rumors have been over the last several months linking Delta Air Lines and Northwest Airlines — all of this today now makes perfect sense.
How much stock did Pardus dump during the runup today?
What runup? United shares are down as of this writing, and Delta is up just a tad. Not a particularly good day on the Street for airline stocks in general.