AMR (AMR) Looks For Partner Before Trouble Worsens
April 26, 2008 by Douglas A. McIntyreAMR (AMR), parent of American Airlines, is in talks with US Air about a merger. Based on balance sheet and stock price performance AMR needs a partner more than most of the other large carriers.
According to Reuters "American Airlines has had early-stage merger talks with US Airways and is in advanced talks for an alliance with Continental Airlines."
Northwest (NWA) and Delta (DAL) have already begun the merger process.
With fuel prices high and moving higher, the major carriers are closer to Chapter 11 than they will admit. All lost large sums in the first quarter.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.