2/13/2008

The financial success of the merger of US Airways and America West has convinced other carriers to consider consolidation, US Airways CEO Doug Parker said. In a Q-and-A with U.S. News & World Report, Parker said the airline is currently too fragmented to be profitable. "There's been room for too many hub-and-spoke carriers, which has meant too many redundant hubs," he said. "People talk about monopolies, but I think consolidation will be good for consumers, because we'll have more healthy carriers."

Related Summaries