American Airlines and US Airways Announce Merger

American Airlines and US Airways Announce Merger

American Airlines and US Airways announced today they will merge.  The boards for the respective airlines voted yesterday in favor of the $11 billion deal that will create the biggest airline in the world based on revenue and the number of passengers it carries.

The new airline will be called American Airlines and be headquartered in American’s hometown of Fort Worth while maintaining a significant corporate and operational presence in Phoenix.  US Airways CEO Doug Parker will run the company.  Tom Horton, CEO of American parent AMR, becomes chairman.

The combined airline will offer more than 6,700 daily flights to 336 destinations in 56 countries and is expected to maintain all hubs currently served by both airlines, while branching out to new cities.

For more information on this merger, please click here.