Thursday, February 14, 2013

AMR, US Airways confirm merger.

American Airlines (AAMRQ.PK) and US Airways (LCC) have confirmed that they are to merge and will provide details at a press conference this morning. According to reports, the all-stock deal will create the world's largest airline by passenger traffic with a market cap of $11B, and it will take AMR out of bankruptcy. The combined company will operate under the American Airlines brand.