American Airlines and US Airways want to know why the federal government allowed previous airline mergers but seeks to block theirs.
American Airlines says its passenger traffic and a key revenue figure rose in August compared with last summer.
The U.S. government wants to wait until March for a trial on its lawsuit aimed at blocking the merger of American Airlines and US Airways.
The Justice Department and a number of state attorneys general on Tuesday challenged a proposed $11 billion merger between US Airways Group Inc. and American Airlines’ parent company, AMR Corp.
American Airlines and US Airways are facing a lawsuit over their planned merger. It claims that the merger will bring higher fares, fewer flights, and the firing of thousands of employees.
American Airlines’ CEO acknowledges that passengers have had a rough few weeks on the airline but says the carrier is working through its issues.
According to the Wall Street Journal, two companies are possibly preparing to bid for ownership of AMR – the parent company of American Airlines.
The five biggest U.S. airlines showed a combined loss of more than $1 billion for the first quarter. Soaring fuel prices are the big culprit.
While most airlines are expecting to post profits this week when they announce 2nd quarter earnings American Airlines can’t seem to catch a break.