ElBurro
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http://www.azcentral.com/business/articles/2011/04/06/20110406big-deal-may-way-us-airways.html
Who is Parker talking about?
Who is Parker talking about?
Over the past half-dozen years, five major mergers have changed the face of the airline industry, reducing the number of carriers with more than 1 percent market share to seven in 2010 from 12 in 2005.
And there's likely another consolidation on the horizon, Doug Parker, CEO of USAirways, said at a media event on Wednesday.
"There's one big deal left and that's (going to involve) US Airways," said Parker, who as America West Airlines CEO led the company's merger with a bankrupt US Airways. "I'd like to be in the position that Continental was with United."
He wouldn't estimate on a time frame or what other major player could be involved in a possible merger.
Parker, a longtime proponent of consolidation, said US Airways is well-positioned for a deal. It's improved its cash position significantly in the past few years and boasted its second-highest profit in 2010.
Plus, US Airways has remained relatively small when compared with its competitors.
The airline commanded 10 percent of the market share in 2010, trailing United Continental Holdings (28 percent), DeltaAir Lines (26 percent), American Airlines (18 percent) and the pending Southwest Airlines-AirTran Airways merger (12 percent).