Categorized | Airlines

American Airlines would consider a merger, but not now…

Posted on 20 March 2012

 

Chicago’s Lake Michigan shoreline as seen on July 11. 2009, from an American Airlines flight on approach to Chicago O’Hare.

 

American Airlines parent AMR is open to the idea of merging American with another airline. But not right now.

 

That’s according to the Chicago Tribune, which hosted AMR CEO Tom Horton for a sit-down interview with its editorial board Thursday.

 

“We’re not opposed to consolidation in the industry, and I wouldn’t rule it out for American as things develop,” Horton is quoted as saying to the Tribune’s editorial board.

 

But Horton says the carrier isn’t far enough along in its bankruptcy restructuring to add a potential merger to the agenda.

 

“I think it would be tremendously unwise to get distracted with talk of combination inside a restructuring,” he tells the Tribune. “The way I think of it is, it’s layering complexity on top of complexity. There’s no reason why the company couldn’t consider a combination on the backside of restructuring.”

 

Horton’s comments come amid speculation about whether a merger represents the best path forward for American. Such talk has been persistent since AA parent AMR filed for Chapter 11 bankruptcy in November.

 

Much of the speculation has focused on US Airways, which made news this past week by buying a series of Internet domain names – such as USandAA.com – that could be used in a merger with AA.

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