"It remains our belief that consolidation makes sense in an industry as fragmented as ours," according to a statement from US Airways CEO Doug Parker. "Whether we participate or not, consolidation that leads to a more efficient industry better able to withstand economic volatility, global competition and the cyclical nature of our industry is a positive outcome." Meanwhile, recent media reports suggested
United and Continental Airlines continue merger discussions. Continental CEO Jeff Smisek today would not comment on any such discussions, saying only that "we are assessing Continental's options."