NEW YORK (Reuters) - US Airways Group LCC.N has little room for more downsizing because it is near the minimum capacity required by its pilots’ contract, the airline’s chief executive said on Tuesday.
Speaking by phone at the Reuters Travel and Leisure Summit in New York, Doug Parker said the carrier still needs consolidation, although tight credit markets make financing for mergers hard to find.
Parker said US Airways is planning for slow travel demand through 2009 amid the economic recession. He said, however, that the U.S. airline industry is not asking for a government bailout.
Reporting by Kyle Peterson, editing by Dave Zimmerman