January 30, 2014 |
Shares of American Airlines Group soared almost 6 percent Tuesday, as the recently merged US Airways-American reported fourth-quarter results that beat estimates. The combined carrier, whose merger closed Dec. 9, said that passenger demand was strong and that "a number of network initiatives" would be introduced in coming months worth more than $400 million in annual earnings improvement. The airline will begin the initiatives as soon as the technology is ready, American president Scott Kirby said during a fourth-quarter-earnings conference call.
December 14, 2013 |
Top executives and investors do well in megamergers, and the American Airlines-US Airways Group merger that closed Monday offers more proof. Tom Horton, the outgoing chief executive of AMR Corp., American's former parent company, will receive nearly $17 million in cash and stock when he leaves the company in mid-2014, plus a lifetime of free flights on American for himself, his wife, and "eligible dependents," and an office and support staff for...
December 11, 2013 |
With the American Airlines and US Airways Group merger completed Monday, the hard work begins of integrating the carriers to create the world's largest airline. US Airways chief executive officer Doug Parker, who leads the new American Airlines Group Inc., began the day by ringing the opening bell on the Nasdaq Stock Market, where the new company debuted under the ticker symbol "AAL. " "After today's celebration, the real work begins," Parker said in a message to employees. "These include integrating our networks, combining our frequent flier loyalty programs, and achieving a single operating certificate.
August 7, 2013 |
European Union regulators have approved the merger of US Airways and American Airlines, conditional on getting a third competitor to fly between Philadelphia and London. American and US Airways agreed to divest, or sell, a pair of slots (takeoff and landing rights) to a rival to fly between Philadelphia International and London Heathrow Airports, the European Commission said Monday. The commission is the executive branch of the European Union. Commission vice president Joaquin Almunia said antitrust authorities examined transatlantic routes affected by the merger and only one - London-Philadelphia - presented a monopoly.
July 1, 2013
Spying will not keep U.S. safe Routine government spying on everyone in the United States is not a run-of-the-mill scandal. We cannot buy safety by tearing apart our Constitution. The tremendous store of personal information our government collects invites capricious tyranny. Now being policed by the National Security Agency, Department of Homeland Security, CIA, FBI, and more, we are indebted to Edward Snowden for disclosing vast government spying - despite great risk to himself. His was a courageous, patriotic act. Diane Laison, Philadelphia Snowden's leaks were reckless Due to Edward Snowden, our methods of preemptively intercepting communications by terrorist groups have been compromised.
May 22, 2013 |
A US Airways executive told the Independence Business Alliance on Monday that Philadelphia's largest airline was pursuing and seriously committed to diversity in its workforce. Suzanne Boda, one of the three highest-ranking women at US Airways and the executive overseeing the airline's lesbian, gay, bisexual and transgender employee group - called Spectrum - said that from chief executive officer Doug Parker down, US Airways was "proud of our commitment to diversity and inclusion.
April 25, 2013 |
Shares of Delta Air Lines and US Airways Group were higher Tuesday after both carriers reported profitable first quarters that beat analysts' estimates. Delta said it was the best first quarter in more than a decade, with earnings, excluding special items, at $85 million, or 10 cents a share. Analysts had estimated six cents. US Airways reported a profit of $55 million, or 31 cents a share, excluding special items. That beat analysts' average estimate of 28 cents and compared to a first-quarter 2012 net loss, excluding one-time charges, of $22 million, or 13 cents per share.
March 30, 2013 |
The new American Airlines may close a flight operations center outside Pittsburgh in a couple of years, and the jobs would move to American's larger operations control center in Dallas, US Airways chief executive officer Doug Parker said. Parker, who will lead the new American after the merger with US Airways, said this week that no decision had been made, but that the combined airline, which will be based in Fort Worth, Texas, would not need two operations control centers. Many of the 500 workers who now coordinate US Airways' 3,000 daily flights near the Pittsburgh airport will be offered jobs in Dallas, he said.
February 16, 2013 |
Call him a visionary. Call him possessed. Doug Parker pulled it off. The US Airways chief executive officer and his team began doggedly pursuing American Airlines in January 2012, less than two months after the larger rival filed for bankruptcy protection. Parker, 51, a longtime proponent of airline consolidation, tried unsuccessfully three other times to merge US Airways - twice with United, in 2008 and 2010, and in a 2006 bid for Delta Air Lines. The longest-serving chief executive of a major airline changed tactics this time and outsmarted AMR Corp.