April/May 2013 Pilot Discussion
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traderjake
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snapthis
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US Airways-American merger is off 'at this time'
By Dave Simmons, AP Business Writer April 1, 2013
The CEOs of American and US Airways formally shelved their effort to create the world's largest airline, backing away from a deal that could have shored up their finances but also would have resulted in fewer routes and higher ticket prices for consumers.
The two chief executives confirmed the talks had been suspended in messages to their employees on Friday, a day after a meeting of American's Tom Horton and US Airways' Doug Parker at which American disclosed its decision not to pursue consolidation.
Dallas-based American and Tempe, Ariz.-based US Airways Group have been exploring a combination for more than a year.
US Airways' largest hub is in Charlotte
But the attempt was shadowed by the tightening financial outlook for all airlines, which has dried up cash and made them less attractive for the banks that would have to provide capital, as well as by the likelihood of labor turbulence and difficulties integrating the operations.
But the deal would have all but certainly entailed significant cuts where the two airlines' operations overlap, including the Washington, D.C., area and parts of the West. There was also the chance of higher fares at a time when ticket prices are already climbing steeply.
"The more competition we have and the more pricing decisions by CEOs we have, the better for consumers," said Tom Parsons, chief executive of travel website Bestfares.com. "It's still coming down to the bottom line, though: Can any one of these airlines survive in this era? These airlines are going to have a hard time surviving."
In their communiques to employees, both CEOs cited oil prices hovering around $100 a barrel that make it increasingly difficult for both airlines.
Link: http://randomoverload.net/confusion
By Dave Simmons, AP Business Writer April 1, 2013
The CEOs of American and US Airways formally shelved their effort to create the world's largest airline, backing away from a deal that could have shored up their finances but also would have resulted in fewer routes and higher ticket prices for consumers.
The two chief executives confirmed the talks had been suspended in messages to their employees on Friday, a day after a meeting of American's Tom Horton and US Airways' Doug Parker at which American disclosed its decision not to pursue consolidation.
Dallas-based American and Tempe, Ariz.-based US Airways Group have been exploring a combination for more than a year.
US Airways' largest hub is in Charlotte
But the attempt was shadowed by the tightening financial outlook for all airlines, which has dried up cash and made them less attractive for the banks that would have to provide capital, as well as by the likelihood of labor turbulence and difficulties integrating the operations.
But the deal would have all but certainly entailed significant cuts where the two airlines' operations overlap, including the Washington, D.C., area and parts of the West. There was also the chance of higher fares at a time when ticket prices are already climbing steeply.
"The more competition we have and the more pricing decisions by CEOs we have, the better for consumers," said Tom Parsons, chief executive of travel website Bestfares.com. "It's still coming down to the bottom line, though: Can any one of these airlines survive in this era? These airlines are going to have a hard time surviving."
In their communiques to employees, both CEOs cited oil prices hovering around $100 a barrel that make it increasingly difficult for both airlines.
Link: http://randomoverload.net/confusion
Portly Dorman
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Response to Cactusploy53 remark- "jury in Addington Trial-GUILTY"
9TH Court of Appeals- "remanded"
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You're an idiot. A psychotic dolt with a loose grip on reality. Ripeness will eventually be satisfied...followed quickly by the Nic. In suppository form.
Doyal, Simmons, and Horner. Angrier by the minute as they realize Harper screwed them. again.
snapthis
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- Dec 23, 2009
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It's a joke. Click on the link
http://randomoverload.net/confusion
Another clue: Dave Simmons, Business writer
That's what I thought... but in this crazy world... nothing would surprise me much!It's a joke. Click on the link
http://randomoverload.net/confusion
Another clue: Dave Simmons, Business writer
Res Judicata
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Hummers message is a joke. APA delivered any and all benefits of the merger. Parker didn't even bother to pick up the phone and let USTUPID know they're being replaced.
snapthis
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- Dec 23, 2009
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Considering what happened with Delta and United mergers with US, it would be easy to fall victim.
Cactusboy is yet another westie law expert wannabe.
There is no "guilty" or "not guilty" verdict in a civil trial.
And the Ninth remanded with direction to dismiss.
It's a joke. Click on the link
http://randomoverload.net/confusion
Another clue: Dave Simmons, Business writer
Without the Wookie I was sure fooled.
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