US Airways makes the argument without saying anything.
January 23, 2013 on 12:02 pm | In Airline News, Mergers and Bankruptcy | No CommentsWhile reporting and commenting on both 4th Qtr and 2012 earnings, US Airways CEO Doug Parker emphatically stated that they (US Airways) had nothing to say about a merger with American Airlines at this time since they continue to operate under a non-disclosure agreement. All of this is right and proper and I must say that I have been impressed that all parties seem to be honoring this pretty well with the exception of AA CEO Tom Horton who continues to say a lot without saying it by making passive-aggressive comments at each public event.
But Doug Parker and his team haven’t had to say much vocally because their performance, once again, continues to make the argument for them.
$37 million profit in the 4th Qtr despite Hurricane Sandy impacts and this contrasts with Delta announcing just $7 million. Revenue growth of 3.9 percent in 4Q as well.
A 2012 profit of $637 million on record profits of $13.8 billion. Again, this contrasts with a profit of $71 million for 2011.
These guys are killing it and they know it and this has to be getting the attention of creditors and other bankruptcy stakeholders.
