American Airlines parent hints at possible merger with US Airways |
| Los Angeles Times - Jul 11, 2012 |
After months of brushing aside talks of a merger, the ailing parent company of American Airlines is now willing to consider joining forces with another airline.
In a letter to employees of AMR, Chief Executive Thomas W. Horton said Tuesday that American Airlines is now in a strong financial position and "it now makes sense to carefully evaluate a range of strategic options, including potential mergers."
Since Fort Worth-based AMR filed for bankruptcy in November, the company has rejected calls to join the airline merger trend of the last few years. Delta has completed a merger with Northwest Airlines, United is nearly finished merging with Continental Airlines, and Southwest Airlines is expected to complete the acquisition of AirTran Airways by 2014.
Tempe, Ariz.-based US Airways Group Inc. has pushed the hardest for a merger with American. In April, US Airways lined up the support of three unions representing 55,000 employees of American Airlines for a potential merger.
Read Full Article from Los Angeles Times
- Posted: 2012-07-11 21:43:06
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