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Government reaches agreement to allow airline merger
WASHINGTON — The Justice Department says it has reached an agreement to allow American Airlines and US Airways to merge, creating the world’s biggest airline. The agreement requires the airlines to scale back the size of the merger at Washington’s Reagan National Airport and in other big cities. In August, the government sued to block […]
American, US Airways announce $11 billion merger
DALLAS — American Airlines and US Airways agreed Thursday to merge in an $11 billion deal that would create the world’s biggest airline. The combined carrier will be called American Airlines and be based in Fort Worth. It expects to have $40 billion in annual revenue and offer more than 6,700 daily flights to 336 […]
American Airlines’ parent lost $1.7 billion in 1Q
FORT WORTH, Texas — The parent company of American Airlines says it lost $1.66 billion in the first quarter, mostly on costs related to its bankruptcy restructuring. AMR Corp. said Thursday that excluding bankruptcy costs and other special items, it would have lost $248 million, compared to a loss of $405 million a year ago. […]
American Airlines bankruptcy to have small impact
For most of the 240,000 passengers who fly American Airlines each day, the airline’s bankruptcy filing should have little noticeable impact. American continues to operate flights, honor tickets and take reservations. It says its frequent-flier program will be unaffected. Some travelers may eventually see fewer American flights at their airport. The incoming CEO said American […]
United, Continental raise many US fares by $10
DALLAS — United and Continental airlines are raising fares on many U.S. routes by $10 per round trip. The increase was confirmed Monday by Mike Trevino, a spokesman for the airlines. U.S. airlines have raised fares at least a half-dozen times this year as they try to offset rising jet fuel costs. The last attempt […]
