Mon, Jul 30, 2012
Says Two Networks Are Better Than One
Repairing American Airlines' dwindling share of the critical corporate travel market is a key to its success and a merger with US Airways is the only way make that repair. US Airways Chairman and CEO Doug Parker (pictured) delivered this message in a speech to the National Press Club in Washington, DC last week where he made his case for a merger of the two airlines.
The Dallas Business Journal reports that Parker believes US Airways' network would complement American's, especially on the East Coast where he said American is losing share. "American is steadily losing corporate share, and they'll never gain it back without a comparable network" to the nation's largest airlines Parker asserted. "Our networks are extremely complimentary," Parker said. "There's very little overlap. With two networks there would be better routes."
Parker said the details of any merger would be easier to resolve during American's ongoing bankruptcy so the time to act is now. Waiting until American to exit bankruptcy as a stand alone entity would only complicate matters. Parker said only American's management is in opposition to the merger. He was joined during his speech by representatives of the three unions that represent 55,000 American employees - the Transport Workers Union, the Association of Professional Flight Attendants and the Allied Pilots Association.
Parker concluded saying, "US airways is here now, and we're ready to do this now. There's no guarantee that this will be the case forever."
American's management has said recently it would study potential merger partners as part of its evaluation of strategic options. On Wednesday, American reported record quarterly revenue and an improvement in year-over-year, net loss.
Also: Boom Supersonic, Boeing 747-8, Boeing Grant, IKE's 300,000th, Rocket Lab, Duncan Aviation, Xplorer Mini Continental Motors seems to have a lot of faith in the future of aviat>[...]
Also: Safety Focus, Aero-Calendar, Mechanic Pay, Alaska Airlines, GAMA, CA Aviation Hall Of Fame, Gogo Biz 4G Dynon’s new dual band SV-ADSB-472 receives ADS-B traffic via 978>[...]
Scratches The Airplane From National Air Race In Reno The iconic World Cup winner and Formula 1 Air Racer "Hot Stuff", flown by Thom Richard will not be participating in the 2017 R>[...]
New Technical Cooperation Project Managed By EASA Unveiled The European Union (EU) and South Asian states recently celebrated the launch of a new project to enhance their ties in c>[...]
AD Number: 2017-06-09 Product: Certain Boeing Model 787-8 airplanes.>[...]