A federal judge is approving American Airlines’ plan to emerge from bankruptcy protection and merge with US Airways, although the airlines must still resolve their lawsuit with the federal government, which is trying to block the merger.
American Airlines and US Airways said late Tuesday that the government’s opposition to their planned merger shows that it does not understand the airline industry.
American Airlines says its passenger traffic and a key revenue figure rose in August compared with last summer.
A federal judge said that a trial over the government’s lawsuit to block the proposed merger of American Airlines and US Airways will start November 25.
A federal judge has refused to approve American Airline’s reorganization plan, which would allow it to exit bankruptcy.
Federal officials said that airline employment has dropped from last summer because of job cuts at American Airlines and regional carriers that use smaller planes.
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.
American Airlines said that its July profit doubled to $292 million as it benefited from a busy summer travel season and cost-cutting from its bankruptcy reorganization.
Fort Worth-based American Airlines and US Airways are asking for a November trial to settle the government’s lawsuit against their proposed merger.
Two North Texas Chamber of Commerce presidents tell Attorney General Greg Abbott to back off when it comes to the American Airlines/US Airways merger.
Union pilots at Texas-based American Airlines say the state attorney general’s opposition to American’s proposed merger with US Airways doesn’t make sense.
In his first remarks, Texas Attorney General Greg Abbott seeks to explain why his office joined the U.S. Justice Department’s lawsuit to block the proposed merger between American Airlines and US Airways.