UAL, US Airways CEOs to Meet: Report

The news comes a day after <I>The New York Times</I> said talks between the two were close to falling apart.
By TSC Staff ,

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.

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