American Airlines CEO not threatened by United and US Airways merger reports
American Airlines CEO, Gerard Arpey, stated the carrier is not threatened by reports of a merger between United Airlines and US Airways and is well positioned with hubs at Dallas, Chicago, Miami, New York and Los Angeles (AP, 09-Apr-2010).
American Airlines: "We believe we're strong in each of those locations and getting stronger, and therefore we are not in any way threatened by any of the conversations that are rumoured to be taking place. Fewer carriers would probably be better for the industry but not (be) a panacea. I don't think necessarily that consolidation is the answer to all of the economic challenges that the industry faces. I don't think that is the silver bullet for solving some of the industry's financial challenges. Irrespective of what may or may not happen vis-à-vis consolidation in the airline industry, I think our company is very well positioned." Gerard Arpey, CEO, American Airlines. Source: AP/Reuters, 09-Apr-2010.