Thursday, February 14, 2013

American, US Airways announces merger

 American Airlines and US Airways decided to merge which is a $11 billion deal. The resulting entity will be the world's biggest airline.

The combined entity will be known as American Airlines.

The merger would reduce the number of major U.S. airlines to four — the new American, United, Delta and Southwest.

The new American would have more than 900 planes, 3,200 daily flights and about 95,000 employees, not counting regional affiliates. It will be slightly bigger than United Airlines by passenger traffic, not counting regional affiliate airlines.

Worth reading