AMR CEO "disses" US Airways

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AMR CEO Ridicules Possible US Airways Bid
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It’s a little odd for AMR (AAMRQ), owner of American Airlines, to be strutting around making fun of other airlines right now; the company is bankrupt, its stock has been delisted, and it’s planning to lay off about 13,000 people and end its pension plan.








But Chairman and CEO Tom Horton is clearly feeling confident enough to take a jab at US Airways (LCC). US Airways is one of the companies reportedly mulling a bid for AMR.

Here’s what Horton said in a meeting with the editorial board of the Dallas Morning News:

“Let’s go back and look at history a little bit. This is not US Airways’ first attempt at this. This is a small company very strategically limited, I would argue – not any international flying, hubs of less strategic importance.​

This will be their fourth try at this: Twice for United, once for Delta while they were restructuring, now American. I would argue that this will be every bit as successful as their prior tries. I’m not sure what’s in the water out there in Phoenix. Maybe it’s the cactus. I don’t know what it is.​

But look, if we don’t get our act together, all sorts of things become possible. It’s very important that this company demonstrate progress on a credible business plan. And I think we’ve got a great one. I could not be more fired up about the future of American Airlines beyond the structuring.”​

I checked with AMR’s media relations folks and they confirmed the quotes.
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I'm not pulling for an Airways/AA merger, but imagine the retirement numbers per year at a combined US/AA? I don't know if even airline management teams can shrink and outsource a company fast enough to keep up with that many guys leaving.
 
"It’s a little odd for AMR (AAMRQ), owner of American Airlines, to be strutting around making fun of other airlines right now; the company is bankrupt"

US Airways filed for BK twice in 2 years.
 
etflies said:
I'm not pulling for an Airways/AA merger, but imagine the retirement numbers per year at a combined US/AA? I don't know if even airline management teams can shrink and outsource a company fast enough to keep up with that many guys leaving.
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Still have a couple years. Those guys will be there until the last possible day.
 
Blackhawk said:
Since AAR is in bankruptcy if they are acquired by USAir will the APA pilots get the same great deal they gave the TWA pilots?
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Nobody knows.

AMR's current management has a good bit of time left to file a plan of reorganization, and are sitting on $4ish billion in cash (self-financed DIP). It'll be quite some time before someone else is given the chance to run the ship.
 
"This is a small company very strategically limited, I would argue – not any international flying, hubs of less strategic importance."

USAir has flown internationally for decades and continues to fly to international destinations such as London, Rome, Madrid, Paris, Cancun, Rio and other cities outside of the United States.

In addition, the CLT, "hub of less strategic importance" is the sixth busiest airport in the United States and happens to be just about halfway between New York and Florida and due east of the Mississippi River where 2/3rd's of the US population just happen to reside.

Joe

 
JOEFRIDAY2 said:
"This is a small company very strategically limited, I would argue – not any international flying, hubs of less strategic importance."

USAir has flown internationally for decades and continues to fly to international destinations such as London, Rome, Madrid, Paris, Cancun, Rio and other cities outside of the United States.

In addition, the CLT, "hub of less strategic importance" is the sixth busiest airport in the United States and happens to be just about halfway between New York and Florida and due east of the Mississippi River where 2/3rd's of the US population just happen to reside.


Joe

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He didnt mean literally no intl flying, just so little intl flying that it's like not having one, which is true. Airways has what....25 total wide bodies.

CLT is busy because it is a hub for Airways. No surprise there. Doesn't mean it's strategically important to any other airline. In the minute chance that Airways ties up with AMR, I think CLT would become the next PIT because of MIA.

Horton's comments are arguably excessive, but not far from the truth.
 
I'd like to see a merger, any merger.....

Question for the Knowledgeable and Intellectuals here on JC:

I know change suxs, and loosing seniority suxs etc., BUT as an airline pilots, or aspiring airline pilot, what are some PROS to airline mergers (if any, please explain)?
 
Trip7 said:
He didnt mean literally no intl flying, just so little intl flying that it's like not having one, which is true. Airways has what....25 total wide bodies.
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And that makes it even sadder that Airways is bigger over the pond then AMR. Airways has flights to more European cities then AMR.
 
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