SCHUMER STATEMENT ON MERGER BETWEEN US AIRWAYS & AMERICAN AIRLINES

U.S. Senator Charles E. Schumer released the following statement after news that U.S. Airways and American Airlines will merge. In May 2012, Schumer raised concerns over the prospect of U.S. Airways taking over American Airlines and the effects such a takeover would have on air service and fares across upstate New York. Schumer, who has long fought to increase competition within upstate air service as a way to stimulate local economies and bring down sky-high fares, met with U.S. Airways CEO Doug Parker and sent a follow-up letter seeking answers regarding the potential takeover and how it would affect service upstate and jobs at local airports. Parker then committed to Schumer’s stipulations.

“In May of 2012, when U.S. Airways asked for my support of a merger with American Airlines, I conditioned that on four major factors – jobs, keeping prices down, maintaining Upstate New York service to Albany, Rochester, Syracuse, Buffalo and Ithaca, and keeping a hub at JFK. At that time, CEO Doug Parker committed that he would do all of those things if a merger was approved, and now I will hold him to his word. I will be watching like a hawk to make sure that the thousands of jobs and service to thirteen New York cities is maintained as part of this merger.”

– U.S. Senator Charles E. Schumer

Bazzo02/15/13

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