USAIRWAYS, AMERICA WEST ANNOUNCES NEW AIRCRAFT PAINT SCHEME
America West Airlines President and Chief Executive Offiver Doug Parker unveils the new aircraft paint scheme to be used by his company on August 23, 2005 at the Charlotte Douglas International Airport in Charlotte, N.C., during a cross-country promotional flight. America West and US Airways are in the process of merging and will keep the name US Airways. Parker will be the head of the merged company. (UPI Photo/Nell Redmond)
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American Airlines and US Airways were tying up final details on a merger that would create the world's largest airline, people close to the negotiations said.
US Airways Chief Executive Officer Doug Parker said the company could bide its time in its bid to merge with bankrupt U.S. rival American Airlines.
American Airlines' three largest unions said they have agreed to a labor deal with rival US Airways, paving the way for a merger between the two U.S. carriers.
US Airways Chief Executive Officer Doug Parker said the U.S. carrier had its "house in order" and could withstand a year of falling revenue.
US Airways Group, Inc. said its second quarter losses were reflective of the rising cost of jet fuel, a problem plaguing the airline industry.
US Airways expects its jet fuel costs to rise by $2 billion in 2008, its chief executive officer said.
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