Friday, September 13, 2013
US Airways Poised to Prosper Alone
With all of the debates regarding the US Airways (NYSE: LCC ) merger with American Airlines (NASDAQOTH: AAMRQ ) , the market has missed the strong results of US Airways as a stand-alone company. Though the airline might need the merger to compete equally with the other major carriers, US Airways appears poised for better days regardless.
The companies originally announced the merger back in February, but the Department of Justice (DOJ) shocked the markets by filing to block the merger in August. The stock plummeted on fears that the inability to further consolidate the industry would lead airlines to the price wars of the past. The August data doesn't suggest that scenario is actually occurring, or will occur.
Read the full article here.
Disclosure: Long LCC. Please review the disclaimer page for more details.