US Airways in No Rush To Merge With American

Date : 07/04/2012 @ 8:01PM
Source : Dow Jones News
Stock : US Airways Grp. New US Airways Grp., Inc. (LCC)
Quote : 22.55  0.0 (0.00%) @ 2:05AM

US Airways in No Rush To Merge With American

US Airways (NYSE:LCC)
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There is "certainly no urgency to merge" with American Airlines, US Airways Group (LCC) Chief Executive Doug Parker said in a note to employees, Reuters reported on its website Wednesday.

American's parent company, AMR Corp., has asked permission from a bankruptcy judge to formulate its exit plan.

In his note, Parker said "American is in bankruptcy and we need to respect the bankruptcy process, so we are doing just that," Reuters reported.

Parker also wrote that is seems unlikely American will exit bankruptcy before the end of the year, and also said speculation about a merger between US Airways and American will continue, the report said.

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