TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

US Airways CEO wants to hang on to American Airlines' slots at Reagan National airport

By USA Today
Friday, March 29, 2013, 12:01 a.m.
 

US Airways CEO Doug Parker said on Thursday that his company's pending merger with American Airlines doesn't need to surrender slots at Washington's Reagan National airport, despite complaints from competitor JetBlue.

Parker told the U.S. Chamber of Commerce aviation summit that while the merged company would control two-thirds of the slots at Reagan, it would control only 25 percent of the slots in the Washington region with Dulles and Baltimore airports.

“This isn't something that the Department of Justice should rule on as a matter of law,” said Parker, who would run a newly combined airline.

The proposed merger, which would generate the world's biggest airline, won approval on Wednesday from a U.S. Bankruptcy Court judge in New York, where American had been reorganizing under Chapter 11. It must get the blessing of the Justice Department, which will look at competitive, antitrust issues before the two carriers can be combined.

Parker said it would be bad for smaller communities if a newly merged American airline were forced to give up Reagan slots.

JetBlue Airways CEO David Barger has argued against allowing the merged airline to continue to hold its slots at Reagan, which is across the Potomac River from the nation's capital.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Stocks snap 4-day rally on Yellen speech, Russia-Ukraine developments
  2. Thousands of American steel jobs believed lost to import surge
  3. Advocacy group requests investigation of Chrysler power system failures
  4. Microsoft keeping $93B offshore, off U.S. tax rolls
  5. Google Maps opens business doors to online views for shoppers
  6. Dynegy to spend $6.25B on power plant acquisitions
  7. GM’s legal team targeted in federal investigation
  8. Utility regulator seeks $639,000 in penalties from electric supplier
  9. Central banks around globe moving in different directions
  10. Instead of clarity, Federal Reserve Chair Yellen offers more uncertainty on interest rate hikes
  11. McDonald’s names president of U.S. division
Subscribe today! Click here for our subscription offers.