AMR (AMR), parent of American Airlines, is in talks with US Air about a merger. Based on balance sheet and stock price performance AMR needs a partner more than most of the other large carriers.
According to Reuters "American Airlines has had early-stage merger talks with US Airways and is in advanced talks for an alliance with Continental Airlines."
Northwest (NWA) and Delta (DAL) have already begun the merger process.
With fuel prices high and moving higher, the major carriers are closer to Chapter 11 than they will admit. All lost large sums in the first quarter.
Douglas A. McIntyre
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