|
The extension does not reduce the likelihood of a merger with US Airways, wrote Hunter Keay, an analyst with Wolfe Trahan, in a note to clients on Tuesday. He doesn't expect American parent AMR to be ready to emerge from bankruptcy this year. And American's agreement to study merger options should ensure that US Airways gets to pitch its merger to AMR creditors, even though that pitch may not happen until early next year, he wrote. Parker told workers that US Airways Group Inc. expects to report strong second-quarter results later this month "due to a strong revenue environment, lower fuel prices, and our outstanding operating reliability." On Thursday, the airline reported that a key measure of passenger revenue rose 6 percent in June. Shares of the Tempe, Ariz.-based airline rose 26 cents, or 2 percent, to close at $13.47. The stock has changed hands between $3.96 and $13.81 in the past 52 weeks.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor