American Airlines and US Airways will soon announce the senior executives of their combined company. The airlines said that an announcement could come in late May or early June.
American Airlines was back up and running on Wednesday morning after a computer glitch forced the carrier to cancel nearly 1,000 flights on Tuesday.
A federal bankruptcy judge has denied a proposed $20 million severance payment for the CEO of American Airlines as part of the company’s merger with US Airways.
The widely-expected decision by Judge Sean H. Lane helps clear the way for the two carriers form the world’s biggest airline, with 6,700 daily flights and annual revenue of roughly $40 billion.
A federal official opposes a nearly $20 million severance payment to the CEO of the parent company of American Airlines in the carrier’s proposed merger with US Airways.
American Airlines has promoted an executive closely involved in overseeing the proposed merger with US Airways.
When the airline filed for bankruptcy in November 2011, Tom Horton was simultaneously elevated to CEO. But from the minute he reached the top, a number of forces started converging against him.
AMR CEO Tom Horton won’t get to lead the new American Airlines after it merges with US Airways, but he will get a going-away prize of nearly $20 million.
After months of courtship, American Airlines and US Airways are officially tying the knot. In the aviation industry’s newest marriage, the two carriers will create the world’s largest airline.
Fort Worth’s American Airlines and Phoenix’s US Airways formally announced a merger on Thursday morning to create the world’s largest airline.
The boards of American Airlines parent AMR Corp. and US Airways have pushed back meeting on plans to consider a final merger, Associated Press sources say.
The Allied Pilots Association, the pilots’ union for American Airlines, is hopeful a merger between their airline and US Airways will bring a change at the top of a newly combined airline.
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