BREAKING: AP Sources: American Airlines and US Airways agree to merge and create world's biggest air

[Mira]

Last edited Wed Feb 13, 2013, 09:45 PM - Edit history (1)

The long anticipated merger has begun


https://twitter.com/AP/statuses/301852639367401472?source=email_rt_mc_body



http://seekingalpha.com/currents/post/826621?source=email_rt_mc_readmore

This in from the NYTimes:
BREAKING NEWS Wednesday, February 13, 2013 8:04 PM EST
Boards of American and US Airways Are Said to Approve a Merger
Ending a yearlong courtship by US Airways, American Airlines agreed on Wednesday to merge with the smaller carrier, paving the way for the creation of the nation’s largest airline.
The boards of both companies met separately to approve the combination, according to two people with knowledge of the vote. A merger would bolster American’s domestic footprint, strengthen its presence in the Northeast and give it a bigger network to attract business travelers and corporate accounts.
The merger, the details of which will be announced Thursday morning, would create a rival with the size and breadth to compete against United Airlines and Delta Air Lines, which have both grown through mergers of their own in recent years and are currently the biggest.

[CanonRay]

1. Lousy airline + Lousy airline = ?

I think I'll pass on flying them, if I can avoid it.