- UAE Markets Seen Limit Down on Monday Open
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Black Friday Sales Rise by 0.5%: ShopperTrak
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
powered by digg
US Airways Confident It Will Stay Independent
Topics:Mergers & Acquisitions | Airlines | Stock Market
Companies:UAL Corporation | US Airways Group, Inc. New | Companies
Text Size 
The president of US Airways is confident about the carrier's stand-alone prospects and does not foresee a merger in the near term.
Scott Kirby also told CNBC in an interview that major carriers are all but done with big cost cutting initiatives as they struggle to offset skyrocketing fuel prices.
US Airways [LCC
Loading...
()
] failed to strike a merger deal with UAL unit United Airlines in May, raising concern among some experts about US Airways' future.
The company has shed nearly 80 percent of its share value this year and traded down 7.6 percent Wednesday at $3.01.
Its market capitalization has slumped to roughly $275 million.
Despite its deteriorating situation on Wall Street, Kirby said: "I feel great about US Airways' stand-alone prospects."
Copyright 2009 Reuters. Click for restrictions.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
MORE FROM CNBC
COMPANY : US Airways Group, Inc. New
Data is a real-time snapshot *Data is delayed at least 15 minutes