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CBS News In their first network morning interview, US Airways chief executive officer Doug Parker said the merger between US Airways and American will not mean prices will go up. American, US airways merging, US Airways saysAirlines merger: What does it mean for you Parker said on CBS This Morning, Fortunately we have two airlines that are highly complementary, not much overlap at all. But we ve combined to create an airline that can compete against the other two stanley cup airlines that happen to be larger than us right now -- United and Delta -- to create an airline that can compete strongly against us. So it s more competition, not less. Parker also disclosed that the US Airways name will be retired and the combined airline will be known as American. Unfortunately that name is going to go away, he said. I m a fan too. But the American brand is one of the most iconic in the world and one that we decided is an even stronger brand and once we close this, we ll be American Airlines and the US Airways brand will be retire, but the US Airways that you know will just be a stronger airline now with more places for you to fly. The merger was a matter of timing, Parker said. He noted that the merger has made sense for a while but said, sometimes all the planets need to align and stanley mug it s taken a while for us to get here. He said, Fortunately we ve come to an agreement that this makes sense for all of stanley cup our customers, for all of our employees Iawo On Labor Day Obama to sell jobs creation
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