US Airways (LCC) Drops Following CEO Parker Comments on AMR Corp. (AAMRQ) Merger

Article Stock Quotes (2) Comments (0)

US Airways (NYSE: LCC) shares spiked lower Wednesday afternoon following comments from CEO Bill Parker on the conference call.

According to Parker, he's hoping the review process for AMR Corp. (OTCBB: AAMRQ) is fair and that US Airways will review options if not fair. Parker hopes to get AMR non-disclosure agreement soon, calling AMR willing to merger in Chapter 11 a "dramatic shift."

Shares are back in positive territory after falling about 8.4 percent.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
• Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal
• Sony (SNE) is Early Winner in Battle of Video Game Giants (MSFT)

Create E-mail Alert Related Categories

Conference Calls, Insiders' Blog

Related Entities

Bankruptcy

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?