• Thu 55°F / 37°F

American Airlines, US Airways Set to Become World’s Biggest Airline

American AirlinesUPDATE: American Airlines and US Airways announced in a statement Monday morning that their merger has been officially completed.

(NEW YORK) -- American Airlines and US Airways are set to sign merger documents on Monday, which would create the largest airline in the world.

The deal also means that American is emerging from Chapter 11 bankruptcy.

The combined carrier will operate under the American Airlines name and will be based in Fort Worth, Texas, the headquarters of American. US Airways CEO Doug Parker will head the new company.

Consumer groups warn, however, that the merger will lead to higher prices, as it will leave four airlines in control of more than three-quarters of the air travel market in the U.S.

Copyright 2013 ABC News Radio

Advertise With Us

Would you like to advertise on East Idaho News? Fill out this form to contact a representative.
  • Full and Last
  • The name of your company, business or brand.