Mad Money’s (on CNBC) Jim Cramer interviews American Airlines CEO Doug Parker on May 19, 2015.
US Airways (Phoenix) will not be repainting the pictured Airbus A321-231 N578UW (msn 6035) in full American Airlines (Dallas/Fort Worth) colors as the two carriers march towards a single operating certificate. Instead the new American, under the leadership of former America West/US Airways CEO Doug Parker, is preserving the memory of US Airways with this preserved legacy livery. N578UW will continue to wear US’ 2005 livery albeit now with small American titles like the previous America West Airbus A320s. As previously reported, TWA will also be preserved in an upcoming legacy scheme with an undetermined historic livery.
Photo: American Airlines.
American Airlines-US Airways aircraft slide show (American livery only):
Allied Pilots Association-APA (Dallas/Fort Worth), representing the pilots of American Airlines (Dallas/Fort Worth) has issued this statement about its meeting with CEO Doug Parker and its concern about any Scope concessions:
The newly expanded APA board of directors — with duly designated chairmen and vice chairmen from CLT, PHL and PHX — is convening this week for the first time.
As a board, we are united concerning Scope. We understand and share your concerns prompted by senior management’s recent comments about our industry-standard 76-seat limit on regional affiliate aircraft. Management has indicated a desire to dilute that limitation and obtain a below-industry-standard Scope Clause in the ongoing joint collective bargaining agreement negotiations.
This afternoon (October 8), the full APA board met with American Airlines CEO Doug Parker. Our conversation with Mr. Parker was frank and cordial and covered a wide range of items. Foremost among them: We informed him that APA will not agree to any Scope concessions. Our actions now concerning Scope will help define the profession for the balance of our careers and for the next generation of aviators, and we are committed to securing industry-leading pay and work rules.
With the merger of American Airlines and US Airways succeeding beyond the most optimistic forecasts, management needs to address APA’s priorities concerning quality of life, work rules, and pay and benefits. Our pilots’ sacrifices, our efforts on the merger’s behalf and the vital role we play in the airline’s success must be appropriately acknowledged.
American Airlines (Dallas/Fort Worth) and US Airways (Phoenix) continue to negotiate a very delicate merger proposal that could fall apart at any time. Negotiators are rushing to meet a February 15 deadline according to this report by the Wall Street Journal. The proposal, according to their sources, would be a stock deal with AMR’s creditors holding 72 percent of the new company and US Airways stockholders holding the other 28 percent. US Airways’ Doug Parker would take control of the “new American”. Still to be resolved, what role will American’s CEO Tom Horton play?
This merger, if approved, will create the world’s largest airline.
Read the full article: CLICK HERE
Read the analysis of a prospective AA-US merger by the WSJ: CLICK HERE
Top Copyright Photo: James Helbock. With US Airways’ CEO Doug Parker taking control, was the American new livery approved by Doug? Will this new brand survive the takeover? The first Boeing 737-800, 737-823 N908NN (msn 39238), taxies to the runway at San Diego.
Bottom Copyright Photo: Jay Selman. The US Airways’ 2005 livery and brand will be phased out in any merger. Airbus A321-231 N535UW (msn 3993) climbs away from the runway at the Charlotte hub.
American Airlines‘ (Dallas/Fort Worth) CEO Thomas W. Horton has given an interview to the Associated Press and for the first time revealed it was Horton who approached US Airways’ (Phoenix) CEO Doug Parker about a possible merger, not the other way as it has been implied by Parker. Horton also stated it is American’s decision whether it wants a merger or not. Horton also stated there is more financial pressure on US Airways to seek a merger partner.
Read the full article from the timesleader.com: CLICK HERE
Copyright Photo: Michael B. Ing. Boeing 737-823 N905AN (msn 29507) “Flagship Liberty” of American Airlines climbs away from the runway at Los Angeles International Airport.
US Airways‘ (Phoenix) Doug Parker continues to plead his case before various audiences for a merger with American Airlines (Dallas/Fort Worth) despite continued resistance by AA’s upper management which wants to come out of Chapter 11 as a stand alone carrier. According to Reuters, Parker has stated American “sat out” the previous merger movement and as a result is weak in certain geographic areas when compared to other strong competitors. Together he feels they could be a superior carrier. Over to you AA.
Read the full report: CLICK HERE
Copyright Photo: Jay Selman.