As US Airways Group Inc and American Airlines parent AMR Corp hammer out the final details of a merger, one of the most thorny issues has been whether AMR Chief Executive Tom Horton stays or goes. After rebuffing an aggressive takeover push from smaller rival US Airways early in its bankruptcy, AMR of late has embraced a deal, but is now eyeing a high-level position for Horton in the merged airline, according to several people familiar with the matter.With US Airways CEO Doug Parker angling to become both chief executive and chairman of the new company, AMR has proposed splitting the roles and making Horton chairman of the board should Parker become CEO, the people said.The AMR board has a high regard for Horton, who has spearheaded bankruptcy restructuring, but the airline's unions and creditors are wary of his rocky relationship with labor, as is US Airways, itself no stranger to bankruptcy, according to the people familiar with the matter.There is also concern that splitting up the chairman and chief executive roles would create a strategic clash at the top at a time when the newly merged airline should embark on a major transformation, they said.
US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC fell by 0.83% or $-0.12/share to $14.30. In the past year, the shares have traded as low as $6.78 and as high as $15.64. On average, 6094830 shares of LCC exchange hands on a given day and today's volume is recorded at 4867985.
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