US Airways CEO: We'll get through the turmoil

A big proponent of consolidation, Parker said he's still interested in merging with another airline, but thinks mergers and acquisitions are dead in the current economic climate and until after the election.

"I'm still interested. The industry would be better served if it was less fragmented. But we are fine on a stand-alone basis," he added. "US Airways does not need a merge to be a viable airline."

Parker sought a merger with Delta, and later United. In April, Delta said it would merge with Northwest, and in June United said it would form an alliance with Continental. Parker says, for now, US Airways will go it alone.

Parker said he's encouraged that the industry as a whole has cut 10 percent more flights, and next year will likely cut another 10 percent.



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