merger of bankrupt American Airlines and US Airways (LCC.)"(N) expected to generate at least 1.2 billion dollars a year in the new value exceeds the benefit that can be provided to employees of the combined carrier, US Airways President, said Wednesday.
Speaking on a conference call with journalists and analysts on profits in the first quarter of US Airways Scott Kirby said the fusion of his carrier and American parent AMR Corp. (AAMRQ.)(PK) could generate more savings and improvements of income than AMR plan could produce on its own.
US Airways did not offer to the RAM, but he hopes to begin talks of merger with his reluctant rival, which is restructuring in Chapter 11.
AMR has so far avoided the interests of US Airways, who has already won the support of unions AMR, who believe that more jobs can be saved by casting their lot with US Airways.
"There is a tremendous amount of value created by the merger of US Airways and AMR and we can and must use some of that to give employees more RAM as possible on a stand-alone basis," said Kirby.
A spokesman for AMR declined to comment on estimates of Kirby. AMR said that its stand-alone plan would produce savings of $ 2 billion per year, more than half of which would come from reductions in labour costs.
But the company said would cut the workforce by 13,000 members of the Union. The company said that should also reduce 1 200 non-Union jobs. US Airways said it would save 6 200 of these jobs and derive further $ 1.2 billion in additional improvements.
Kirby said the US Airways plan would "generate substantial savings even if we would not shrink the combined company.".
Savings would come to reduce or eliminate the space installation and workforce management. He said additional savings can be derived by combining computer systems and the power of improved airline purchasing large.
AMR business plan calls for the company to refocus its activities on international markets and on what he called its domestic markets "Five pillars" - Dallas/Fort Worth, New York, Los Angeles, Miami and Chicago.
AMR asked the permission of the U.S. Bankruptcy Court in Manhattan to cancel employment contracts with its three unions.
Representatives of the company are in court this week to try to convince the judge Sean Lane that unions AMR avoided unreasonably requests before negotiating, and that the company considered alternatives to avoid scrapping contracts.
US Airways on Wednesday said a net profit of 48 million, or 28 cents per share, in the quarter, compared to a net loss of $ 114 million, or 71 cents per share, a year earlier.
Excluding a gain related to an exchange of slots at two airports with Delta Air Lines (DAL.)(N), US Airways reported a loss of 13 cents per share.
(Reported by Kyle Peterson; editing by Carol Bishopric)
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