Pilots Approve of Delta and Northwest Merger

Recently, it was announced that Delta and Northwest Pilots' have approved a "joint collective bargaining agreement".  Delta previously announced that they were planning on merging with Northwest in order to create "America's premier global airline".  Delta still needs approval from stockholders before the merger can be completed.  With the merger, Delta will become the worlds largest airline carrier in terms of traffic. As of right now, this deal is only affecting pilots of Delta and Northwest. Under this new agreement, Northwest pilots will receive a 2.38 percent equity stake while Delta pilots will receive a 3.5 percent equity stake. The  merge will give travelers access to more than 390 destinations in over 60 different countries. With Delta and Northwest combines, there will be roughly 800 aircrafts with approximately 75,000 employees. 

The question then becomes how will this merger affect the decline in the airline industry? Additionally, how will this affect all the fees that have been placed by these two companies?