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S&P: US Airways, AMR unchanged
Standard & Poor's said its ratings and outlook on US Airways Group Inc. and AMR Corp. are not changed by US Airways' 8-K filing disclosing that it has signed agreements with American Airlines Inc.'s three main unions.
According to S&P, the agreement would govern collective bargaining agreements if the airlines were to merge.
Additionally, according to S&P, US Airways has unsuccessfully attempted to merge with other airlines in the past and has yet to combine its labor unions from its merger with America West Airlines in 2005. Therefore, S&P said it believes adding a third group of employees to any combined entity would likely be problematic.
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