US Airways CEO Doug Parker reassured North Carolina lawmakers that Charlotte, N.C., will not lose its status as a hub after US Airways merges with American Airlines. Parker said the Charlotte hub has an "ideal geographic location, strong local market, excellent infrastructure, and competitive costs."
American Airlines' creditors met with US Airways on Tuesday, according to sources who say US Airways is continuing its push for a merger with the carrier. Few details were available because the talks are private. While American CEO Tom Horton says he would consider a merger after the carrier is out of bankruptcy, US Airways CEO Doug Parker has advocated for a merger since American filed for bankruptcy protection.
Airports in smaller municipalities wanting to increase their traffic are offering revenue guarantees to major airlines in exchange for guaranteed service. These guarantee offers come with some risks, including competing airlines backing out of the market, but some regions choose to take the risk, this feature says.
With its supply chain under pressure, Airbus has not pressed to boost its production rate. Company executives are preparing to do so this decade, however, to address its backlog of orders and increase competition with U.S. rival Boeing.
Documents filed by AMR in its bankruptcy case show a total of $200.6 million in billed fees and expenses accumulated from professional services related to the case. AMR is paying nearly 40 firms to handle various aspects of the bankruptcy proceedings, including fees and expenses incurred by the committees advising them.