United Airlines and US Airways have postponed merge
The chapters of United Airlines and US Airways Glenn Tilton and Douglas Parker have officially postponed plans on creation of the incorporated world’s largest airline, having declared, that merge will not occur “this time”.
The application has been made after a meeting of heads of both companies.
Earlier Chicago United Airlines and US Airways considered an opportunity of merge within more than two months. However, not so optimistically forecasts on profit for the companies of sector in view of record-breaking high prices for oil have forced a management of both companies to refuse from the transaction in the nearest future.
Airline United Airlines carries out more than 3,200 thousand flights a day, on more than 200 internal and external flights. The staff of the company totals nearby with 55 thousand people.
Company US Airways carries out approximately 3,800 thousand flights a day. The company has 36 thousand employees worldwide.
Let’s remind that United Airlines and US Airways have already tried to be united in 2001. However, then attempt of merge has failed that antimonopoly bodies have refused to approve it.
Consolidation in the market of aviaservices is considered by the American companies as a way to reduce the costs, which have essentially increased in connection with the high prices for fuel. So, losses of company UAL in I quarter, 2008, have made 537 million dollars against 152 million dollars year earlier. Fuel costs of United Airlines have grown on 51 % - up to 1,58 billion dollars.
