19-May-2010 12:52 PM

US Airways supports United/Continental merger

US Airways CEO and Chairman, Doug Parker, stated the carrier supports consolidation within the aviation industry and also supports the proposed merger between Continental Airlines and United Airlines despite missing out on merging with United (Reuters, 18-May-2010). Mr Parker also criticised the US Government for its approach to aviation policy claiming "the biggest threat to our viability is government intervention" (Dow Jones, 18-May-2010). Mr Parker went on to state that legislation passed by the Government could lead to billions of dollars annually in additional fees for carriers which would disrupt the industry’s recovery.

US Airways: "We're doing extremely well right now, better than most of our peers, and don't foresee any reason that we need to do anything. We are encouraged by the industry's improvements and encouraged by consolidation by others. It makes the industry more efficient. We end up with less fragmentation. It makes the industry stronger and therefore makes US Airways stand-alone stronger," Doug Park, CEO and Chairman of US Airways. Source: Reuters, 18-May-2010.

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