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American, US Airways vote to merge
American Airlines, a storied but struggling carrier that sought bankruptcy protection fifteen months ago, will merge with US Airways, creating what will be the largest carrier in the world, according to The Wall Street Journal and Dallas Morning News.. (www.usatoday.com) Más...Sort type: [Top] [Newest]
from what I understand the customer service group will take the brunt of the merger related pain this time. Hope it's not too bad for them. After surviving several mergers I realize they are probably the best for the company in the long run, but it's always financially painful for a few employee groups. Usually the one's that can least afford it. I'm retired, but my stomach still does flip flops when I here the word MERGER.
Not to mention its usually bad for consumers.
yeah right, just like all the company stock USAir stole from their employees
American may have been struggling financially, but I've always considered it a first class operation.
On the other hand... USAir was lousy when it was Allegheny Airlines (aka "Agony Airlines")and Mowhawk, lousy when they merged and created USAir, and now lousy thiry years later.
Put 'em together and what have you got? A big, financially struggling, lousy airline.
On the other hand... USAir was lousy when it was Allegheny Airlines (aka "Agony Airlines")and Mowhawk, lousy when they merged and created USAir, and now lousy thiry years later.
Put 'em together and what have you got? A big, financially struggling, lousy airline.
If American has been losing money big time for several years now and U.S. Airways has not been providing fat profits anyway so who in the world is putting the money for the 200-300 new jets on order. Granted some of the new things are leased but still billions have to change hands so who are the "brave" bankers, insurance cos. etc. that are lending the moneys, does anyone know.
Both Boeing and Airbus offered very generous financing to get AA to place that monster order.
Of course, AA should have placed that order years ago and gotten rid of the awful MD-80 much, much sooner.
Of course, AA should have placed that order years ago and gotten rid of the awful MD-80 much, much sooner.
Somewhere I remenered reading that they had close to $5 billion in cash on hand when they first filed bankruptcy. I realize that the airline industry is capital intensive but that seems a little much.