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.
American Airlines and US Airways on Monday morning agreed to extend their merger agreement, pushing back the date that either carrier could terminate their merger plan.
Hundreds of American Airlines and US Airways employees rallied outside of Capitol Hill on Wednesday to build support for the airlines’ proposed $14 billion merger.
The union representing American Eagle flight attendants says members are worried about their fate if the merger of American Airlines and US Airways goes through.