Well it appears the “tightening of the belt” is occurring in our skies as well folks!
by JASON WHITELY
Posted on February 6, 2013 at 5:12 PM
Updated yesterday at 10:11
DALLAS – After more than a year of talks, a merger between American Airlines and US Airways will likely be announced next week, sources tell News 8.
“The economics make so much sense. They’re so compelling that I think the creditors and the boards of both companies said ‘let’s get this done it will be good for everybody,” said Mark Drusch, an executive with Fareportal, who also held high-ranking positions with Continental, Delta and Lufthansa.
The board of directors of AMR Corp., American’s parent company, will meet on Monday to consider a combination, News 8 has learned.
Officially, American tells us it does not discuss and will not confirm a board meeting next week.
But it’s no secret that both airlines have been swapping financial information over recent months to see if a merger made sense.