Even if the proposed takeover of
United CEO Glenn Tilton was commenting on a report that Doug Parker, head of
"Since we have been talking about the benefits of consolidation to the industry well before the new US Airways existed, I would think the [need] would be no less so," Tilton said during a conference call with analysts and reporters. "It doesn't change the underlying conditions I've spoken to for several years."
United is a unit of
Tilton, one of the strongest advocates for airline industry consolidation, said he is optimistic about the Senate Commerce Committee hearing on the subject on Wednesday.
"We'll be watching the hearing to get a sense of [their] attitude, just as you will be," he told reporters. "The assembled group will probably give a very balanced report out to the issues. I think they're open-minded."
In a Bloomberg story on Tuesday, Parker said he's waiting to hear whether Delta's bankruptcy creditors will meet a Feb. 1 deadline to urge the carrier to open its books to US Airways and trigger an antitrust review of the proposed merger. Without those steps, US Airways will pull its bid, he said.
"It has implications for the whole industry,'' Parker said. "If they decide not to let us move forward with our proposal, industry consolidation is not going to happen until the next down-cycle.''
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CHICAGO_The head of United Airlines parent UAL Corp. said Tuesday that consolidation in the industry is overdue but remained silent on whether his company is pursuing a merger with another U.S...
Parker said his improved bid for Delta has generated little response from the Delta creditors and that time is running out on the offer.
Carriers appear to be exploring mergers as a way of solving the industry's periodic ills.
MINNEAPOLIS - Northwest Airlines and Delta Air Lines have held preliminary merger discussions, and the formerly private talks are now part of the high-stakes public battle over the future of Delta and...