American, US Airways announce $11 billion merger
Posted: 02/14/2013
Last Updated:
97 days ago
DALLAS - 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.
Little overlap in American, US Airways routes
Of the 50 busiest domestic routes, the two carriers compete directly on only one: Los Angeles to Phoenix, according to OAG, a company that tracks airline routes and schedules. And on hundreds of less traveled routes, they only overlap a dozen times, mostly between their hub cities.
The combined airline will offer more than 6,700 daily flights to 336 destinations in 56 countries.
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