U.S. Airways story updated with quotes from United and Continental CEOs.
But that day will come, says CEO Doug Parker. And in the interim, it is important to ignore two prevalent misconceptions. One is that US Airways' labor situation blocks any deal. The other is that US Airways will struggle until it finds a merger partner.
On Monday, following the announcement of a merger between Continental (CAL) and United (UAUA), shares in US Airways and Alaska (ALK) were the biggest beneficiaries, trading on speculation that they could become acquisition candidates.Meanwhile, United CEO Glenn Tilton said United did not use US Airways as a stalking horse in order to engage Continental. "When Jeff (Smisek) called me on the ninth of April, which happened to be my birthday, we were very serious about the work we had underway at that time, very serious indeed," Tilton said in a conference call, referring to the US Airways/United merger talks. But "at the end of the day, industrial logic and the compelling proposition that we have presented to the marketplace today trumps
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