Skip to comments.REPORT: Bankrupt American Airlines May Have Just Found Its Knight In Shining Armor
Posted on 01/20/2012 11:56:14 AM PST by SeekAndFind
US Airways is reportedly drawing up plans to merge with AMR, the bankrupt holding company of American Airlines, Bloomberg reports.
The move would fill a revenue gap for US Airways, while also helping fuel American's weakened hub system, which has been drained as it cut money-losing flights over the past several months.
The Tempe, Arizona, based airline has already hired Barclays Capital and Millstein & Co. to advise it before bidding on American. However, it could be more than a year away from officially announcing an agreement, as it waits for AMR to navigate bankruptcy proceedings.
The rumor follows speculation that Delta, which took over Northwest Airlines over the last decade, could also enter the fray.
Under current Chief Executive Officer Doug Parker, US Airways has made a series of failed merger attempts, including one with Delta when that airline was in bankruptcy protection
(Excerpt) Read more at businessinsider.com ...
So the airlined with the nastiest attitude wants to merge with the most expensive airle. Great combo. I wonder who will buy them out in 3 years.
I miss Piedmont Airlines ;-)
UGH - US Air, makes me remember that in 40+ years of flying (yes even before they existed) I have never once left Pittsburgh on time, be it originating there or just on a layover. Every single flight I have ever been on that went through Pittsburgh was delayed leaving. I despise no airport anywhere more than that one.
Not only that but you already have 2 pilot unions who hate each other at US Air. That haven’t been able to come to agreement on pilot integration since the merger and now you want to throw in the most radical pilot union into the mix with American....
As the kids say: EPIC FAIL
I lived in Pittsburgh for years and my “fondest” memory of the many USAir flights I took was one where if I had driven to Cleveland (a fate almost worse than death) to fly from there to San Diego, with a layover in Pittsburgh, that it would cost $500 less than flying direct to San Diego from Pittsburgh.
Mind you, it was the same exact flight from Pittsburgh to San Diego in either case.
Crazy, but true.
Used to have the same thing going in Memphis with Northwest Airlines, you could drive 120 miles to Little Rock and take the same flight back to Memphis and then continue the flight to your destination and save $300.
Used to call Piedmont up and down airlines!