UAL, US Airways CEOs to Meet: Report
The chief executives of
UAL
(UAUA)
and
US Airways
(LCC)
plan to meet Thursday in order to discuss the prospects for merging the two carriers, a published report said.
The Wall Street Journal
reported on the expected meeting Wednesday afternoon. The news comes a day after
The New York Times
said talks between the two were close to falling apart.
US Airways and UAL, the owner of United Airlines, have been holding talks for several weeks, sources have said. The intensity of their discussions increased after
Delta
(DAL) - Get Report
and
Northwest
(NWA)
set plans to merge.
Shares of UAL were up 3 cents at $7.94 in late trading after falling 3.3% to $7.91 in the regular session. US Airways was adding 2 cents to $4.10.
This article was written by a staff member of TheStreet.com.