US Airways discontinues merger discussions with UAL

US Airways has discontinued recent discussions with UAL Corporation regarding a potential merger between the two companies. US Airways Chairman and CEO Doug Parker stated: “US Airways has long been a proponent for consolidation in our industry. As opportunities have arisen for our company to participate in consolidation, we have taken a close and careful look at our options, always with an eye on what is in the best interests of our shareholders, customers, employees and the communities we serve. We have recently held discussions with United Airlines regarding a possible combination between our two airlines. After an extensive review and careful consideration, our Board of Directors has decided to discontinue those discussions.”