TEMPE, Ariz. — US Airways CEO Doug Parker told employees today that while the airline considered others for a possible merger, including a rumored deal with United Airlines, the carrier will remain independent for the time being.
Several publications, including the New York Times and the Wall Street Journal, reported that US Airways and United Airlines have decided not to purse a merger. Meanwhile, United may have renewed its interest in Continental Airlines. United CEO Glenn Tilton reportedly said the carrier is close to signing a deal with Continental, according to an article in today's Wall Street Journal.
The $5 billion Alliant Credit Union, which was originally formed to serve United Airlines but has since diversified its membership, has said it plans to continue along that path while maintaining a 70-year relationship with the carrier's employees, David Mooney, Alliant's president/CEO, previously told Credit Union Times.
In April, Tom Glatt, president/CEO of $200 million Continental FCU, also told Credit Union Times that he hopes Continental Airlines will remain independent but said if a merger occurs, it could possibly bring significant growth opportunities for the financial institution.
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