American Airlines and US Airways will become the world’s largest airline as early as Monday, December 9th, when they hope to merge.
After nearly two years, American Airlines has just been cleared for takeoff from bankruptcy, and can now merge with US Airways. The deal is set to be closed on December 9.
Rival unions are fighting over how to represent 24,000 flight attendants at the new American Airlines, which expects a merger with US Airways to happen next month.
The Justice Department announced on Tuesday a proposed settlement with U.S. Airways and American Airlines that will allow the merger to move forward.
The CEO of Southwest Airlines Co. assumes that American and US Airways will eventually merge, and he wants some of their takeoff and landing rights at Reagan National Airport outside Washington.
US Airways said Wednesday that third-quarter net income was $216 million, or $1.04 per share. That’s down 12 percent from $245 million, or $1.24 per share, a year ago.
American Airlines parent company AMR said that it earned $289 million in the third quarter. That marks a big turnaround from a loss of $238 million a year earlier.
A court-appointed official says American Airlines and US Airways shouldn’t get to know the identity of all the people that the government interviewed before trying to block the airlines’ proposed merger.
The Texas attorney general says the state has reached a settlement in its challenge to the proposed merger of American Airlines and US Airways.
The Justice Department asked for a delay in the trial over the merger of American Airlines and US Airways because of the shutdown of the federal government.
American Airlines said that it will hire 1,500 pilots over the next five years, and recall the airline’s pilots who have been furloughed. The carrier plans to start recruiting this fall.
The newly elected leader of airline industry union TWU said that he will increase lobbying, oppose outsourcing and help unions strengthen ties to local communities.