American Airlines & US Airways Defend Merger

aabank American Airlines & US Airways Defend Merger

Follow the action on Twitter by using the widget on the righthand side of this page.

Click here to read more about AA's bankruptcy on CBSDFW.COM.

WASHINGTON (AP) - Leaders of Fort Worth-based American Airlines and US Airways have told lawmakers that combining their companies will benefit consumers by creating a tougher competitor for industry giants United and Delta.

The executives made the comments Tuesday at a hearing of a U.S. House antitrust law subcommittee.

American, owned by AMR Corp., and US Airways Group Inc. announced merger plans Feb. 14. Company leaders say an American-US Airways merger would create the world’s largest airline but the new American would still have less than 25 percent of the U.S. market.

Congress has no formal role in approving the merger — that’s up to antitrust regulators, the federal judge overseeing American’s bankruptcy case and shareholders.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: