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CORPORATE RESEARCH PAPER about US airways
Finance & Accounting
Pages 5 (1255 words)
CORPORATE RESEARCH PAPER ABOUT US AIRWAYS A. Introduction US Airways is one of the major airlines operating in United States and it is owned by the US Airways Group. The company has extensive domestic and international reach that includes over 198 destinations throughout Europe, Canada, South America, North America, Mexico, the Middle East, and Europe…
The company’s maximum frequency is between New York, Boston and Washington D.C., where it provides hourly services. In order to diversify their operations internationally, the US Airlines decided to merge with American Airlines in February 2013. From the research it was found that if the merger is successful then it has the potential to create the largest airline in the world in terms of global market access. The deal is expected to close by the end of third quarter this year. The key shareholding pattern of the merger is that US Airways would hold 28% stake of merged company where as the American Airlines will hold the remaining 72%. It was also decided between the shareholders’ of both the companies that the merged entity would carry the name and brand of American Airlines and the holding company will be named American Airlines Group Inc. The airline company has reported operating income over USD 425 million for the year ending 2011, with net income over USD 71 million. The total asset of the company was found to be USD 8.34 billion for the year ending 2011. The subsidiaries of US Airways are Piedmont Airlines, Inc., Shuttle inc., PSA Airlines, Inc., US Airways Express, Material Service Company, Inc., Airways Assurance Limited, LLC, Mesa Air Group, and Potomac Air, Inc. ...
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