US Airways says merger talks with United have ended

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bimjim
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US Airways says merger talks with United have ended

Unread post by bimjim » Fri Apr 23, 2010

http://www.travelweekly.com/article3_ektid213470.aspx

US Airways says merger talks with United have ended
By: Jerry Limone
April 22, 2010

US Airways said today that it has "discontinued" discussions with United Airlines regarding a potential merger.

US Airways CEO Doug Parker said the company's board decided to discontinue discussions "after an extensive review and careful consideration."

Parker said US Airways normally wouldn't publicly comment on merger discussions but felt it was "appropriate to clarify the status of negotiations" because of "persistent rumors about a possible transaction with United."

He added that US Airways continues to believe the industry needs consolidation.

"Whether we participate or not, consolidation that leads to a more efficient industry better able to withstand economic volatility, global competition and the cyclical nature of our industry is a positive outcome," Parker said.

The Associated Press reported that United did not directly address US Airways' comments, saying only that it continues to believe the industry would benefit from consolidation.

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