US Airways CEO States Case For American Merger | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

Mon, Jul 30, 2012

US Airways CEO States Case For American Merger

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.


FMI: www.usairways.com, www.aa.com

Advertisement

More News

AeroSports: EAA Surpasses 200,000 Members

The Association Continues To Grow And Engage Flying Enthusiasts EAA has reached a major milestone, as the association has surpassed 200,000 members. It appears that more and more p>[...]

Klyde Morris (09.26.16)

Klyde Can't Miss The 'TSA Obnoxious Olympics' FMI: www.klydemorris.com>[...]

Airborne 09.23.16: GA Pilot Sues SFO, Drone Legalities, EAA Hall Of Fame

Also: Zenith Open Hangar Days, KSMO Nonsense, Recalled Devices, Piper M600, 800th TBM, NASAO, Commercial Space The pilot of the last piston airplane based at San Francisco Internat>[...]

Aero-News: Quote of the Day (09.26.16)

"At this stage of the investigation, preliminary review of the data and debris suggests that a large breach in the cryogenic helium system of the second stage liquid oxygen tank to>[...]

SpaceX On Track To Determining AMOS-6/Falcon 9 Accident Cause

'Anomaly' Resulted In Loss of Rocket, Payload and Extensive Launch Complex Damage As promised, SpaceX is starting to reveal details of their investigation into the catastrophic los>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC