American, US Airways Announce $11 Billion Merger

London Heathrow Airport (LHR/EGLL), London Bor...

London Heathrow Airport (LHR/EGLL), London Borough of Hillingdon, London, United Kingdom (Photo credit: Wikipedia)

DALLAS — American Airlines and US Airways have agreed to merge in an $11 billion deal that would create the world’s biggest airline.

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

The boards of the two airlines unanimously approved the deal late Wednesday, and the companies announced the agreement early Thursday.

The merger would reduce the number of major U.S. airlines to four: the new American, United, Delta and Southwest.

Read more: http://www.post-gazette.com/stories/business/news/american-airlines-us-airways-to-merge-675368/#ixzz2KuSpPCrN

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