Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

read more >

Southwest: Airline merger could open up gates in D.C.

 

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — The CEO of Southwest Airlines Co. is "reasonably confident" that American and US Airways will eventually merge, and he wants some of their takeoff and landing rights at Reagan National Airport outside Washington.

Southwest might have to fight JetBlue for those rights.

The U.S. Justice Department is suing to block the merger, saying that it would restrict competition and drive up consumer prices. It says US Airways and American would control 69 percent of the flights at Reagan National, which is just a Metro ride from downtown Washington, the Capitol, and the region's suburbs.

A trial on the government's lawsuit is scheduled for Nov. 25, but the airlines aren't ruling out a negotiated settlement.

On Thursday, analysts asked CEO Gary Kelly whether Southwest would be interested if American and US Airways are forced to give up Reagan takeoff and landing rights, called slots.

"Absolutely," Kelly said, "and I wouldn't restrict it just to Reagan. We would be interested in more slots at LaGuardia (in New York) as well."

Kelly added, "I can't imagine that the merger goes forward without requiring divestiture. ... Obviously, the Justice Department seems to agree." The CEO said he had no inside information about the situation but based his comments on antitrust law, the government's lawsuit and the number of "slots that are hoarded — at Reagan in particular."

Representatives of US Airways and American declined to comment.

Testifying before Congress this summer, US Airways Group Inc. CEO Doug Parker was adamant that the two airlines shouldn't have to give up any slots. Tom Horton, the CEO of American parent AMR Corp., said recently that the companies are open to a reasonable settlement that lets the merger take place, but he declined to discuss specifics such as slots.

Last month, JetBlue Airways Corp. CEO Dave Barger said the merged airline should give up all of American's flights at Reagan while keeping US Airways' current slots.
 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?