American, US Airways announce $11 billion merger

Print
Email
|

Associated Press

Posted on February 14, 2013 at 6:01 AM

Updated Thursday, Feb 14 at 6:33 AM

DALLAS (AP) — American Airlines and US Airways say they're merging in a deal they value at $11 billion, creating the world's biggest airline.

The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker.

The airlines announced their deal Thursday.

It reduces the number of major U.S. airlines to four.

Print
Email
|